Cresset Asset Management LLC Decreases Stock Position in H&R Block, Inc. (NYSE:HRB)

Cresset Asset Management LLC lessened its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 63.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,584 shares of the company's stock after selling 16,737 shares during the period. Cresset Asset Management LLC's holdings in H&R Block were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of H&R Block by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 14,253,276 shares of the company's stock valued at $753,143,000 after acquiring an additional 35,945 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of H&R Block by 12.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,701,896 shares of the company's stock worth $248,448,000 after purchasing an additional 523,353 shares during the period. Boston Partners grew its holdings in 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 purchasing an additional 1,660,319 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after purchasing an additional 476,892 shares during the period. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HRB. Barrington Research restated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research report on Friday, April 25th. StockNews.com raised H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group boosted their price objective on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a report on Thursday, May 8th. Finally, Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd.

Insider Transactions at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block 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 transaction, the chief executive officer now directly owns 844,790 shares in the company, valued at approximately $53,458,311.20. This trade represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company's stock.

H&R Block Trading Down 0.1%

H&R Block stock traded down $0.07 during trading hours on Tuesday, hitting $57.93. The company had a trading volume of 89,948 shares, compared to its average volume of 1,373,071. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $7.76 billion, a P/E ratio of 15.94, a P/E/G ratio of 0.80 and a beta of 0.28. The company has a 50-day moving average price of $57.26 and a two-hundred day moving average price of $56.01. H&R Block, Inc. has a 1 year low of $48.23 and a 1 year high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the business earned $4.94 earnings per share. H&R Block's quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block's payout ratio is 36.76%.

About H&R Block

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.