Cwm LLC Sells 6,166 Shares of H&R Block, Inc. (NYSE:HRB)

Cwm LLC decreased its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 29.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,962 shares of the company's stock after selling 6,166 shares during the period. Cwm LLC's holdings in H&R Block were worth $822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC raised its holdings in shares of H&R Block by 6.7% during the fourth quarter. HighTower Advisors LLC now owns 19,184 shares of the company's stock valued at $1,014,000 after purchasing an additional 1,202 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of H&R Block by 3.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock valued at $365,000 after purchasing an additional 259 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of H&R Block by 39.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 36,006 shares of the company's stock valued at $1,903,000 after purchasing an additional 10,113 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of H&R Block by 15.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,485 shares of the company's stock valued at $501,000 after purchasing an additional 1,290 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in shares of H&R Block by 14.6% during the fourth quarter. TD Private Client Wealth LLC now owns 6,961 shares of the company's stock valued at $368,000 after purchasing an additional 885 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Stock Performance

NYSE HRB opened at $56.16 on Wednesday. H&R Block, Inc. has a 52-week low of $49.16 and a 52-week high of $68.45. The company has a market capitalization of $7.52 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.87 and a beta of 0.24. The company has a fifty day moving average of $56.21 and a 200-day moving average of $55.71.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. The company had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.94 EPS. As a group, analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Wednesday, June 4th. H&R Block's dividend payout ratio is currently 36.76%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HRB shares. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Barrington Research restated an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. The Goldman Sachs Group upped their target price on shares of H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

H&R Block 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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