Handelsbanken Fonder AB Sells 400 Shares of H&R Block, Inc. (NYSE:HRB)

Handelsbanken Fonder AB lessened its position in shares of H&R Block, Inc. (NYSE:HRB) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 35,700 shares of the company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in H&R Block were worth $1,886,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HRB. Endeavor Private Wealth Inc. bought a new position in H&R Block during the 4th quarter worth about $27,000. Spire Wealth Management bought a new position in shares of H&R Block in the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of H&R Block in the 4th quarter valued at about $29,000. Darwin Wealth Management LLC bought a new position in shares of H&R Block in the 3rd quarter valued at about $34,000. Finally, GAMMA Investing LLC grew its holdings in shares of H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research restated an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Price Performance

Shares of NYSE HRB opened at $54.17 on Wednesday. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.80 and a beta of 0.69. The business has a 50-day moving average of $53.74 and a 200-day moving average of $58.39. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73.

H&R Block (NYSE:HRB) last issued 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 net margin of 14.71% and a negative return on equity of 179.15%. As a group, sell-side analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.77%. H&R Block’s dividend payout ratio (DPR) is currently 41.32%.

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.