Los Angeles Capital Management LLC Sells 178,127 Shares of H&R Block, Inc. (NYSE:HRB)

Los Angeles Capital Management LLC lowered its position in H&R Block, Inc. (NYSE:HRB) by 51.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,020 shares of the company’s stock after selling 178,127 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.12% of H&R Block worth $8,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in shares of H&R Block by 91.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after acquiring an additional 248 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in H&R Block by 1,200.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock worth $28,000 after purchasing an additional 600 shares during the period. Richardson Financial Services Inc. acquired a new position in shares of H&R Block in the fourth quarter valued at $37,000. Assetmark Inc. bought a new position in shares of H&R Block in the fourth quarter valued at about $43,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of H&R Block during the 4th quarter worth about $48,000. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

HRB stock opened at $53.10 on Thursday. H&R Block, Inc. has a 52 week low of $30.66 and a 52 week high of $54.21. The company has a market capitalization of $7.41 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.99 and a beta of 0.69. The company’s 50-day simple moving average is $49.79 and its 200 day simple moving average is $48.22.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, May 9th. The company reported $4.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $4.20 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts forecast that H&R Block, Inc. will post 4.29 EPS for the current year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.41%. H&R Block’s payout ratio is 29.29%.

Analysts Set New Price Targets

A number of brokerages recently commented on HRB. Barrington Research upped their price target on shares of H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.