Victory Capital Management Inc. Decreases Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Victory Capital Management Inc. reduced its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 85.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,605 shares of the company's stock after selling 424,936 shares during the quarter. Victory Capital Management Inc. owned approximately 0.05% of H&R Block worth $3,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HRB. Endeavor Private Wealth Inc. purchased a new stake in shares of H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block during the fourth quarter worth about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of H&R Block during the third quarter worth about $34,000. Finally, GAMMA Investing LLC grew its holdings in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Trading Up 1.4 %

Shares of HRB traded up $0.75 during mid-day trading on Wednesday, hitting $52.80. The company had a trading volume of 997,183 shares, compared to its average volume of 1,189,604. The business's 50-day simple moving average is $53.51 and its 200-day simple moving average is $57.39. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The stock has a market cap of $7.07 billion, a PE ratio of 14.53, a P/E/G ratio of 0.80 and a beta of 0.65.

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

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.84%. H&R Block's dividend payout ratio is currently 41.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HRB. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.

H&R Block Profile

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.