Bayesian Capital Management LP Sells 6,900 Shares of H&R Block, Inc. (NYSE:HRB)

Bayesian Capital Management LP reduced its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,427 shares of the company's stock after selling 6,900 shares during the quarter. Bayesian Capital Management LP's holdings in H&R Block were worth $762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new stake in H&R Block in the 4th quarter valued at about $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block during the 4th quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the 4th quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after buying an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in H&R Block by 52.6% during the 4th 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.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the completion of the sale, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

H&R Block Trading Down 1.6 %

Shares of HRB stock opened at $61.47 on Tuesday. The company has a market capitalization of $8.23 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. H&R Block, Inc. has a 52-week low of $47.70 and a 52-week high of $68.45. The business's fifty day moving average is $56.31 and its 200 day moving average is $56.15. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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, equities research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block's dividend payout ratio is currently 41.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HRB shares. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research report on Friday, April 25th. Finally, 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 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.

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