Robeco Institutional Asset Management B.V. Sells 179,818 Shares of H&R Block, Inc. (NYSE:HRB)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,294 shares of the company's stock after selling 179,818 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.22% of H&R Block worth $16,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HRB. Charles Schwab Investment Management Inc. boosted its holdings in H&R Block by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock valued at $275,796,000 after acquiring an additional 282,633 shares during the period. Raymond James Financial Inc. bought a new stake in H&R Block in the fourth quarter valued at approximately $10,725,000. Martingale Asset Management L P boosted its stake in shares of H&R Block by 620.0% during the fourth quarter. Martingale Asset Management L P now owns 29,225 shares of the company's stock valued at $1,544,000 after purchasing an additional 25,166 shares during the period. Ruffer LLP purchased a new stake in shares of H&R Block during the fourth quarter valued at approximately $4,203,000. Finally, Cetera Investment Advisers grew its holdings in shares of H&R Block by 13.0% in the fourth quarter. Cetera Investment Advisers now owns 37,598 shares of the company's stock worth $1,987,000 after purchasing an additional 4,313 shares during the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Up 0.8%

Shares of HRB stock opened at $54.78 on Friday. The stock has a fifty day moving average of $57.65 and a 200 day moving average of $55.52. H&R Block, Inc. has a 52 week low of $49.16 and a 52 week high of $68.45. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.84 and a beta of 0.25.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.94 EPS. Equities research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.74%. H&R Block's dividend payout ratio (DPR) is 36.76%.

Analyst Ratings Changes

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

Insider Transactions 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 stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the sale, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at $53,458,311.20. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company's stock.

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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