H&R Block, Inc. (NYSE:HRB) Stake Decreased by Choreo LLC

Key Points

• Choreo LLC reduced its stake in H&R Block by 28.1% during the first quarter, now holding 14,758 shares valued at $816,000.
• Despite Choreo's decrease, other hedge funds have increased their holdings; for example, Bogart Wealth raised its stake by 42.9% and GAMMA Investing by 129.2%.
• H&R Block recently reported earnings of $5.38 per share, exceeding estimates, along with a $2.28 billion revenue for the quarter.

Choreo LLC lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 28.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,758 shares of the company's stock after selling 5,769 shares during the period. Choreo LLC's holdings in H&R Block were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC raised its holdings in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of H&R Block by 129.2% during the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after buying an additional 850 shares during the last quarter. GeoWealth Management LLC raised its holdings in shares of H&R Block by 87.0% during the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after buying an additional 750 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in H&R Block during the fourth quarter worth approximately $85,000. Finally, CIBC Private Wealth Group LLC raised its holdings in H&R Block by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

NYSE HRB opened at $55.86 on Friday. The stock has a market capitalization of $7.48 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.87 and a beta of 0.24. H&R Block, Inc. has a 1 year low of $49.16 and a 1 year high of $68.45. The business's fifty day moving average is $56.17 and its two-hundred day moving average is $55.77.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.26. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the business earned $4.94 EPS. The company's revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is currently 36.76%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HRB. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Barrington Research reissued an "outperform" rating and set a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price target on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a report on Thursday, May 8th.

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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