Teachers Retirement System of The State of Kentucky Has $2.47 Million Stake in H&R Block, Inc. (NYSE:HRB)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of H&R Block, Inc. (NYSE:HRB) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,998 shares of the company’s stock after selling 2,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in H&R Block were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HRB. Deutsche Bank AG increased its holdings in H&R Block by 1.2% during the third quarter. Deutsche Bank AG now owns 58,927 shares of the company’s stock worth $2,537,000 after buying an additional 685 shares during the last quarter. Kestra Advisory Services LLC boosted its position in H&R Block by 81.9% during the third quarter. Kestra Advisory Services LLC now owns 22,120 shares of the company’s stock worth $952,000 after purchasing an additional 9,958 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of H&R Block in the third quarter valued at $238,000. Nordea Investment Management AB raised its position in shares of H&R Block by 3.8% in the third quarter. Nordea Investment Management AB now owns 100,982 shares of the company’s stock valued at $4,402,000 after purchasing an additional 3,655 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of H&R Block during the 3rd quarter worth about $300,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRB has been the topic of a number of research reports. 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 Stock Performance

Shares of H&R Block stock opened at $53.00 on Friday. H&R Block, Inc. has a 52-week low of $30.66 and a 52-week high of $54.21. The stock has a market cap of $7.40 billion, a PE ratio of 12.13, a PEG ratio of 0.99 and a beta of 0.69. The firm has a 50-day moving average of $49.91 and a 200-day moving average of $48.25.

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

H&R Block Announces Dividend

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 of this dividend is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.42%. H&R Block’s payout ratio is 29.29%.

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.