New York State Common Retirement Fund Has $4.61 Million Position in H&R Block, Inc. (NYSE:HRB)

New York State Common Retirement Fund lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,979 shares of the company's stock after selling 6,800 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of H&R Block worth $4,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its position in H&R Block by 1,552.2% during the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock valued at $80,000 after acquiring an additional 1,428 shares in the last quarter. GAMMA Investing LLC raised its position in 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 acquiring an additional 850 shares in the last quarter. GeoWealth Management LLC raised its position in shares of H&R Block by 87.0% in the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after purchasing an additional 750 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of H&R Block in the fourth quarter valued at approximately $85,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of H&R Block by 11.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock valued at $144,000 after purchasing an additional 263 shares during the period. Institutional investors own 90.14% of the company's stock.

H&R Block Price Performance

Shares of H&R Block stock traded down $0.41 during midday trading on Friday, hitting $55.82. The company had a trading volume of 174,696 shares, compared to its average volume of 1,444,654. The business's 50 day simple moving average is $56.21 and its two-hundred day simple moving average is $55.72. The stock has a market cap of $7.47 billion, a PE ratio of 13.68, a P/E/G ratio of 0.89 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.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 earnings per share (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 the consensus estimate of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. H&R Block's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $4.94 earnings per share. On average, sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.69%. H&R Block's payout ratio is 36.76%.

Analyst Upgrades and Downgrades

HRB has been the topic of a number of recent analyst reports. 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. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research report on Friday, April 25th. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their price target on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research report on Thursday, May 8th.

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.