Round Hill Asset Management Sells 1,363 Shares of H&R Block, Inc. (NYSE:HRB)

Round Hill Asset Management cut its position in shares of H&R Block, Inc. (NYSE:HRB) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 59,090 shares of the company’s stock after selling 1,363 shares during the period. H&R Block accounts for about 2.2% of Round Hill Asset Management’s investment portfolio, making the stock its 14th biggest holding. Round Hill Asset Management’s holdings in H&R Block were worth $3,122,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HRB. Vanguard Group Inc. boosted its holdings in shares of H&R Block by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 14,253,276 shares of the company’s stock valued at $753,143,000 after buying an additional 35,945 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in H&R Block by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock worth $275,796,000 after acquiring an additional 282,633 shares in the last quarter. Boston Partners boosted its stake in H&R Block by 58.5% during the fourth quarter. Boston Partners now owns 4,500,552 shares of the company’s stock worth $237,814,000 after acquiring an additional 1,660,319 shares in the last quarter. Pacer Advisors Inc. grew its holdings in H&R Block by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after purchasing an additional 476,892 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of H&R Block by 12.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,050,678 shares of the company’s stock valued at $108,358,000 after purchasing an additional 232,095 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Down 2.2 %

Shares of H&R Block stock opened at $55.64 on Monday. The company has a 50-day simple moving average of $53.50 and a two-hundred day simple moving average of $56.56. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. 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.

H&R Block (NYSE:HRB) last released its quarterly earnings data 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%. On average, analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.70%. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research 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 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.