H&R Block, Inc. (NYSE:HRB) Holdings Cut by Royce & Associates LP

Royce & Associates LP lowered its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 156,056 shares of the company's stock after selling 8,500 shares during the quarter. Royce & Associates LP owned about 0.11% of H&R Block worth $8,246,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in shares of H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock valued at $225,000 after buying an additional 222 shares during the period. State of Alaska Department of Revenue raised its stake in shares of H&R Block by 26.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company's stock valued at $3,097,000 after purchasing an additional 12,390 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of H&R Block during the third quarter valued at approximately $1,821,000. Algert Global LLC lifted its position in shares of H&R Block by 413.1% during the third quarter. Algert Global LLC now owns 72,110 shares of the company's stock worth $4,583,000 after purchasing an additional 58,057 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock valued at $313,735,000 after purchasing an additional 255,354 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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H&R Block Stock Up 0.1 %

HRB traded up $0.06 during trading on Friday, hitting $52.46. The company had a trading volume of 11,809,521 shares, compared to its average volume of 1,235,809. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $7.02 billion, a PE ratio of 14.45, a P/E/G ratio of 0.80 and a beta of 0.65. The business has a 50-day moving average of $53.42 and a 200-day moving average of $57.24.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. As a group, analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.86%. H&R Block's payout ratio is 41.32%.

Analysts Set New Price Targets

A number of equities analysts have commented on HRB shares. StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reissued an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

About H&R Block

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.