Quantinno Capital Management LP Has $2.37 Million Stock Position in H&R Block, Inc. (NYSE:HRB)

Quantinno Capital Management LP decreased its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 23.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,845 shares of the company's stock after selling 13,864 shares during the quarter. Quantinno Capital Management LP's holdings in H&R Block were worth $2,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HRB. Boston Partners lifted its stake in H&R Block by 58.5% during the fourth quarter. Boston Partners now owns 4,500,552 shares of the company's stock valued at $237,814,000 after buying an additional 1,660,319 shares in the last quarter. Norges Bank acquired a new stake in shares of H&R Block during the fourth quarter valued at approximately $57,253,000. Lazard Asset Management LLC lifted its position in shares of H&R Block by 36.8% in the 4th quarter. Lazard Asset Management LLC now owns 2,585,026 shares of the company's stock valued at $136,591,000 after acquiring an additional 695,581 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of H&R Block by 12.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,701,896 shares of the company's stock valued at $248,448,000 after acquiring an additional 523,353 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new position in H&R Block in the 4th quarter worth approximately $25,552,000. Institutional investors and hedge funds own 90.14% of the company's stock.

Analysts Set New Price Targets

HRB has been the topic of several recent analyst reports. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research note on Thursday, May 8th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, April 25th.

Insider Buying and Selling at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's 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. This represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

H&R Block Stock Up 0.3%

Shares of NYSE HRB traded up $0.20 during mid-day trading on Monday, reaching $57.80. The company had a trading volume of 891,607 shares, compared to its average volume of 1,383,276. 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, Inc. has a twelve month low of $48.23 and a twelve month high of $68.45. The stock's 50 day moving average is $57.80 and its 200-day moving average is $55.90. The stock has a market capitalization of $7.74 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28.

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. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business posted $4.94 EPS. H&R Block's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.60%. H&R Block's payout ratio is currently 36.76%.

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.