H&R Block, Inc. (NYSE:HRB) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,022,478 shares of the company's stock after selling 313,233 shares during the quarter. Wellington Management Group LLP owned 1.51% of H&R Block worth $106,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HRB. Coldstream Capital Management Inc. grew its position in shares of H&R Block by 4.2% during the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company's stock worth $309,000 after buying an additional 198 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in H&R Block by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company's stock worth $270,000 after acquiring an additional 221 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of H&R Block by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock worth $225,000 after purchasing an additional 222 shares during the last quarter. US Bancorp DE raised its stake in shares of H&R Block by 1.9% in the 4th quarter. US Bancorp DE now owns 12,358 shares of the company's stock valued at $653,000 after purchasing an additional 233 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position 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 purchasing an additional 258 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HRB. Barrington Research reissued an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th.

H&R Block Stock Performance

Shares of NYSE HRB traded up $1.34 during midday trading on Tuesday, hitting $56.00. The company's stock had a trading volume of 144,680 shares, compared to its average volume of 1,489,658. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The firm's fifty day moving average price is $53.50 and its 200-day moving average price is $56.50. The firm has a market cap of $7.50 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.80 and a beta of 0.39.

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 negative return on equity of 179.15% and a net margin of 14.71%. On average, sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.68%. The ex-dividend date was Tuesday, March 4th. H&R Block's dividend payout ratio is presently 41.32%.

H&R Block Company 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.