Corient Private Wealth LLC Has $8.37 Million Holdings in H&R Block, Inc. (NYSE:HRB)

Corient Private Wealth LLC trimmed its position in shares of H&R Block, Inc. (NYSE:HRB) by 2.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 158,399 shares of the company’s stock after selling 3,640 shares during the period. Corient Private Wealth LLC’s holdings in H&R Block were worth $8,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in shares of H&R Block by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock valued at $225,000 after acquiring an additional 222 shares during the period. State of Alaska Department of Revenue grew its holdings in H&R Block by 26.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company’s stock worth $3,097,000 after purchasing an additional 12,390 shares during the period. Point72 Asset Management L.P. acquired a new position in H&R Block during the third quarter worth approximately $1,821,000. Algert Global LLC raised its stake in H&R Block by 413.1% in the third quarter. Algert Global LLC now owns 72,110 shares of the company’s stock valued at $4,583,000 after buying an additional 58,057 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 255,354 shares during the last quarter. 90.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

H&R Block Trading Down 1.0 %

Shares of NYSE:HRB opened at $52.34 on Friday. The stock has a market cap of $7.00 billion, a PE ratio of 14.42, a P/E/G ratio of 0.80 and a beta of 0.65. 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 12-month low of $45.87 and a 12-month high of $68.45. The business has a 50 day moving average of $53.44 and a 200-day moving average of $57.32.

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 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 research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is 41.32%.

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.