Tidal Investments LLC Sells 6,884 Shares of H&R Block, Inc. (NYSE:HRB)

Tidal Investments LLC trimmed its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,611 shares of the company's stock after selling 6,884 shares during the quarter. Tidal Investments LLC's holdings in H&R Block were worth $666,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in H&R Block by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 14,253,276 shares of the company's stock worth $753,143,000 after purchasing an additional 35,945 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock worth $275,796,000 after acquiring an additional 282,633 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings 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 during the last quarter. Boston Partners raised its position in shares of H&R Block by 58.5% during the 4th quarter. Boston Partners now owns 4,500,552 shares of the company's stock valued at $237,814,000 after acquiring an additional 1,660,319 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of H&R Block by 36.8% during 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. Institutional investors own 90.14% of the company's stock.

H&R Block Trading Up 0.1%

Shares of H&R Block stock traded up $0.08 during trading on Friday, hitting $56.90. The stock had a trading volume of 1,614,415 shares, compared to its average volume of 1,381,437. The stock has a 50 day simple moving average of $58.23 and a 200 day simple moving average of $55.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 1 year low of $48.78 and a 1 year high of $68.45. The company has a market capitalization of $7.62 billion, a PE ratio of 15.67, a P/E/G ratio of 0.80 and a beta of 0.28.

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. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company earned $4.94 earnings per share. H&R Block's quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

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 given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block's dividend payout ratio is 36.76%.

Analyst Upgrades and Downgrades

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

Insider Activity at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the sale, the chief executive officer now owns 844,790 shares in the company, valued at approximately $53,458,311.20. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.