Allspring Global Investments Holdings LLC Sells 68,620 Shares of H&R Block, Inc. (NYSE:HRB)

Allspring Global Investments Holdings LLC trimmed its stake in shares of H&R Block, Inc. (NYSE:HRB) by 57.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,774 shares of the company’s stock after selling 68,620 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in H&R Block were worth $2,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block during the 4th quarter valued at $29,000. Empirical Finance LLC bought a new stake in shares of H&R Block during the 4th quarter valued at $462,000. Empowered Funds LLC raised its stake in shares of H&R Block by 54.3% during the 4th quarter. Empowered Funds LLC now owns 200,392 shares of the company’s stock valued at $10,589,000 after purchasing an additional 70,501 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of H&R Block during the 4th quarter valued at $1,931,000. Finally, Measured Wealth Private Client Group LLC raised its stake in shares of H&R Block by 2.7% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 22,391 shares of the company’s stock valued at $1,183,000 after purchasing an additional 581 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

H&R Block stock opened at $52.29 on Friday. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The business has a 50-day simple moving average of $53.78 and a 200 day simple moving average of $58.37. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.80 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its 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 negative return on equity of 179.15% and a net margin of 14.71%. On average, research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.87%. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HRB shares. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

H&R Block Profile

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.