Prudential PLC Sells 69,233 Shares of H&R Block, Inc. (NYSE:HRB)

Prudential PLC decreased its position in shares of H&R Block, Inc. (NYSE:HRB) by 86.5% during the fourth quarter, HoldingsChannel reports. The fund owned 10,822 shares of the company’s stock after selling 69,233 shares during the quarter. Prudential PLC’s holdings in H&R Block were worth $572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors raised its position in H&R Block by 31.0% in the 3rd quarter. Captrust Financial Advisors now owns 11,169 shares of the company’s stock worth $710,000 after purchasing an additional 2,645 shares during the period. HighTower Advisors LLC boosted its position in H&R Block by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 17,982 shares of the company’s stock valued at $1,147,000 after acquiring an additional 2,803 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of H&R Block by 2.0% in the 3rd quarter. Janus Henderson Group PLC now owns 62,859 shares of the company’s stock valued at $3,997,000 after buying an additional 1,212 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of H&R Block by 5.4% in the 3rd quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock worth $355,000 after purchasing an additional 288 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in H&R Block in the third quarter worth about $1,821,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

HRB has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target 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 note on Thursday, February 13th.

H&R Block Stock Down 1.5 %

H&R Block stock opened at $54.68 on Tuesday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $7.32 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The business has a 50 day simple moving average of $53.50 and a 200-day simple moving average of $56.50. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45.

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

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Tuesday, March 4th. H&R Block’s dividend payout ratio is currently 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.