Blue Whale Capital LLP Trims Holdings in H&R Block, Inc. (NYSE:HRB)

Blue Whale Capital LLP decreased its position in shares of H&R Block, Inc. (NYSE:HRB) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 489,690 shares of the company’s stock after selling 21,792 shares during the quarter. H&R Block accounts for 1.9% of Blue Whale Capital LLP’s portfolio, making the stock its 18th biggest position. Blue Whale Capital LLP’s holdings in H&R Block were worth $25,875,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in H&R Block by 26.5% during the 4th quarter. Invesco Ltd. now owns 1,574,552 shares of the company’s stock valued at $83,199,000 after acquiring an additional 330,279 shares during the period. Bank of Montreal Can raised its holdings in shares of H&R Block by 13.3% during the fourth quarter. Bank of Montreal Can now owns 28,247 shares of the company’s stock worth $1,493,000 after purchasing an additional 3,313 shares during the last quarter. Federated Hermes Inc. lifted its position in H&R Block by 442.0% during the fourth quarter. Federated Hermes Inc. now owns 89,918 shares of the company’s stock valued at $4,751,000 after purchasing an additional 73,327 shares during the period. Envestnet Asset Management Inc. boosted its holdings in H&R Block by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 597,699 shares of the company’s stock valued at $31,582,000 after purchasing an additional 9,717 shares during the last quarter. Finally, Aviva PLC acquired a new stake in H&R Block during the 4th quarter worth about $554,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HRB shares. 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 lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

H&R Block Price Performance

NYSE:HRB opened at $55.64 on Monday. The stock has a market capitalization of $7.45 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The stock’s 50-day moving average price is $53.50 and its 200-day moving average price is $56.56. 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 52 week low of $45.87 and a 52 week high of $68.45.

H&R Block (NYSE:HRB) last announced 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 net margin of 14.71% and a negative return on equity of 179.15%. As a group, equities analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block’s dividend payout ratio is presently 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.