H&R Block, Inc. (NYSE:HRB) Stock Position Decreased by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,780 shares of the company’s stock after selling 1,063 shares during the period. National Bank of Canada FI’s holdings in H&R Block were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Endeavor Private Wealth Inc. purchased a new position in H&R Block in the 4th quarter worth about $27,000. Spire Wealth Management acquired a new position in shares of H&R Block in the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of H&R Block in the fourth quarter worth approximately $29,000. GAMMA Investing LLC increased its position in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after acquiring an additional 289 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

NYSE HRB opened at $57.09 on Friday. 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 firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The company has a 50 day simple moving average of $53.59 and a 200-day simple moving average of $56.32. 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 released 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 negative return on equity of 179.15% and a net margin of 14.71%. Equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were paid a $0.375 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.63%. H&R Block’s dividend payout ratio (DPR) is currently 41.32%.

Wall Street Analyst Weigh In

HRB has been the subject of a number of recent analyst reports. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a report 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.