Moran Wealth Management LLC Sells 931 Shares of H&R Block, Inc. (NYSE:HRB)

Moran Wealth Management LLC reduced its stake in H&R Block, Inc. (NYSE:HRB) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 313,013 shares of the company’s stock after selling 931 shares during the period. Moran Wealth Management LLC’s holdings in H&R Block were worth $16,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of H&R Block by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock valued at $275,796,000 after acquiring an additional 282,633 shares during the period. Pacer Advisors Inc. raised its stake 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 valued at $144,527,000 after purchasing an additional 476,892 shares in the last quarter. Bank of New York Mellon Corp lifted its position in H&R Block by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,684,738 shares of the company’s stock worth $89,022,000 after purchasing an additional 47,920 shares during the period. NewEdge Wealth LLC grew its stake in H&R Block by 11.5% during the fourth quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company’s stock worth $57,897,000 after buying an additional 113,216 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in H&R Block by 13.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock valued at $46,748,000 after buying an additional 107,450 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Up 4.6 %

Shares of NYSE HRB opened at $55.52 on Monday. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.80 and a beta of 0.65. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The stock has a 50-day moving average price of $53.66 and a two-hundred day moving average price of $57.97.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) 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, analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on HRB. StockNews.com downgraded shares of 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 set a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th.

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.