H&R Block, Inc. (NYSE:HRB) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 649,361 shares of the company's stock after selling 137,493 shares during the quarter. Nuveen Asset Management LLC owned about 0.47% of H&R Block worth $34,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management purchased a new position in shares of H&R Block during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of H&R Block during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new position in shares of H&R Block during the fourth quarter worth about $46,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of H&R Block during the fourth quarter worth about $75,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

HRB traded down $0.52 during trading on Tuesday, reaching $57.24. The company's stock had a trading volume of 1,412,918 shares, compared to its average volume of 1,383,394. H&R Block, Inc. has a 52-week low of $48.23 and a 52-week high of $68.45. The company's fifty day moving average price is $58.00 and its 200-day moving average price is $55.90. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. 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 announced its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping the consensus estimate of $5.12 by $0.26. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.94 EPS. On average, equities analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is 36.76%.

Insider Transactions at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the sale, the chief executive officer now owns 844,790 shares of the company's stock, valued at $53,458,311.20. The trade was a 5.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

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

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.