State Street Corp Has $287.09 Million Holdings in H&R Block, Inc. (NYSE:HRB)

State Street Corp trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,491,366 shares of the company's stock after selling 214,656 shares during the quarter. State Street Corp owned 3.28% of H&R Block worth $287,090,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in shares of H&R Block by 1.5% in the third quarter. Stifel Financial Corp now owns 64,969 shares of the company's stock valued at $4,129,000 after purchasing an additional 988 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of H&R Block by 42.7% during the third quarter. Quantinno Capital Management LP now owns 58,709 shares of the company's stock worth $3,731,000 after acquiring an additional 17,580 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of H&R Block during the third quarter worth $738,000. Point72 Asset Management L.P. acquired a new position in shares of H&R Block during the third quarter valued at $1,821,000. Finally, IHT Wealth Management LLC boosted its holdings in H&R Block by 5.4% in the third quarter. IHT Wealth Management LLC now owns 5,586 shares of the company's stock valued at $355,000 after acquiring an additional 288 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. Barrington Research restated an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research report on Friday, November 8th. Finally, The Goldman Sachs Group upped their price objective on H&R Block from $39.00 to $44.00 and gave the company a "sell" rating in a report on Friday, August 16th.

H&R Block Trading Down 0.0 %

Shares of H&R Block stock traded down $0.01 during trading hours on Wednesday, hitting $56.32. The company's stock had a trading volume of 1,122,401 shares, compared to its average volume of 1,200,056. The company has a market capitalization of $7.72 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.87 and a beta of 0.66. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50 day moving average of $59.93 and a 200 day moving average of $58.31. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The business had revenue of $193.81 million for the quarter, compared to the consensus estimate of $188.78 million. During the same period in the previous year, the company posted ($1.05) earnings per share. Analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be given a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.66%. H&R Block's dividend payout ratio is currently 36.59%.

H&R Block declared that its board has approved a share buyback program on Thursday, August 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to repurchase up to 16.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, VP Kellie J. Logerwell sold 8,000 shares of H&R Block stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the sale, the vice president now directly owns 18,474 shares in the company, valued at $1,189,910.34. This trade represents a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.