Caprock Group LLC Cuts Stock Position in H&R Block, Inc. (NYSE:HRB)

Caprock Group LLC trimmed its holdings in H&R Block, Inc. (NYSE:HRB) by 17.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,856 shares of the company’s stock after selling 1,046 shares during the quarter. Caprock Group LLC’s holdings in H&R Block were worth $259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Millennium Management LLC increased its holdings in shares of H&R Block by 356.0% in the second quarter. Millennium Management LLC now owns 88,826 shares of the company’s stock worth $4,817,000 after purchasing an additional 69,347 shares during the last quarter. Truist Financial Corp raised its position in H&R Block by 262.1% during the second quarter. Truist Financial Corp now owns 25,072 shares of the company’s stock valued at $1,360,000 after purchasing an additional 18,148 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of H&R Block in the second quarter valued at $1,152,000. Handelsbanken Fonder AB lifted its stake in H&R Block by 25.8% in the third quarter. Handelsbanken Fonder AB now owns 36,100 shares of the company’s stock worth $2,294,000 after purchasing an additional 7,400 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of H&R Block by 79.3% in the third quarter. CWM LLC now owns 29,260 shares of the company’s stock worth $1,859,000 after buying an additional 12,941 shares during the period. Institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on HRB shares. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Wednesday. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research note on Wednesday.

H&R Block Trading Down 0.5 %

NYSE HRB opened at $54.10 on Friday. The stock has a market cap of $7.41 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.84 and a beta of 0.69. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 12-month low of $42.28 and a 12-month high of $68.45. The company has a fifty day simple moving average of $54.86 and a two-hundred day simple moving average of $58.71.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. On average, analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.77%. H&R Block’s dividend payout ratio is presently 36.59%.

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.