EMC Capital Management Sells 3,101 Shares of H&R Block, Inc. (NYSE:HRB)

EMC Capital Management decreased its stake in H&R Block, Inc. (NYSE:HRB) by 36.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,512 shares of the company’s stock after selling 3,101 shares during the period. EMC Capital Management’s holdings in H&R Block were worth $291,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its stake in H&R Block by 1,630.9% during the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock worth $49,395,000 after buying an additional 732,359 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock valued at $144,527,000 after acquiring an additional 476,892 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 acquiring an additional 255,354 shares during the period. Robeco Institutional Asset Management B.V. raised its position in H&R Block by 105.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company’s stock worth $24,999,000 after purchasing an additional 243,100 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new position in H&R Block during the fourth quarter worth about $10,230,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Price Performance

Shares of NYSE HRB traded up $0.36 during mid-day trading on Thursday, hitting $54.90. 28,282 shares of the stock were exchanged, compared to its average volume of 1,021,879. H&R Block, Inc. has a twelve month low of $42.28 and a twelve month high of $68.45. The stock’s fifty day simple moving average is $55.33 and its two-hundred day simple moving average is $58.76. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $7.52 billion, a P/E ratio of 13.37, a PEG ratio of 0.81 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) 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 during the quarter, compared to analyst estimates of $188.78 million. During the same period in the prior year, the firm posted ($1.05) EPS. As a group, analysts forecast that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.73%. H&R Block’s payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Monday.

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.