H&R Block, Inc. (NYSE:HRB) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 967,369 shares of the company's stock after selling 4,973 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.71% of H&R Block worth $51,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Endeavor Private Wealth Inc. bought a new stake in H&R Block during the fourth quarter worth approximately $27,000. Spire Wealth Management bought a new position in shares of H&R Block during the 4th quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. purchased a new stake in H&R Block during the 4th quarter valued at $29,000. GAMMA Investing LLC lifted its position in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $44,000 after buying an additional 289 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HRB shares. Barrington Research reaffirmed an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, April 25th. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a report on Friday.

H&R Block Trading Up 0.8 %

Shares of H&R Block stock traded up $0.50 on Friday, hitting $62.59. 1,498,234 shares of the company traded hands, compared to its average volume of 1,375,338. H&R Block, Inc. has a 52 week low of $47.51 and a 52 week high of $68.45. The company has a market cap of $8.38 billion, a PE ratio of 17.24, a PEG ratio of 0.80 and a beta of 0.39. The stock's 50 day moving average price is $56.15 and its 200-day moving average price is $56.22. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.40%. The ex-dividend date was Tuesday, March 4th. H&R Block's payout ratio is 41.32%.

Insider Buying and Selling

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. 1.30% of the stock is currently owned by insiders.

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.