H&R Block, Inc. (NYSE:HRB) Stock Holdings Trimmed by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,299 shares of the company's stock after selling 29,938 shares during the quarter. Ensign Peak Advisors Inc's holdings in H&R Block were worth $2,763,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HRB. Wealth Enhancement Advisory Services LLC grew its holdings in shares of H&R Block by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,972 shares of the company's stock valued at $1,372,000 after purchasing an additional 331 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of H&R Block by 7.2% during the fourth quarter. Park Avenue Securities LLC now owns 16,998 shares of the company's stock valued at $898,000 after purchasing an additional 1,141 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock valued at $44,000 after purchasing an additional 289 shares during the last quarter. Burney Co. grew its holdings in shares of H&R Block by 1.9% during the fourth quarter. Burney Co. now owns 46,586 shares of the company's stock valued at $2,462,000 after purchasing an additional 869 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of H&R Block by 13.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company's stock valued at $46,748,000 after purchasing an additional 107,450 shares during the last quarter. 90.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a report on Thursday, May 8th. StockNews.com raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Finally, Barrington Research reiterated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research report on Friday, April 25th.

H&R Block Stock Performance

Shares of NYSE HRB opened at $56.74 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a 50 day simple moving average of $57.02 and a 200-day simple moving average of $56.09. The company has a market cap of $7.60 billion, a PE ratio of 15.63, a P/E/G ratio of 0.80 and a beta of 0.28. H&R Block, Inc. has a 12-month low of $48.23 and a 12-month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The business's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.94 earnings per share. On average, equities research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

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

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 844,790 shares in the company, valued at $53,458,311.20. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

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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