Victory Capital Management Inc. Has $3.94 Million Position in H&R Block, Inc. (NYSE:HRB)

Victory Capital Management Inc. lowered its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 85.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,605 shares of the company’s stock after selling 424,936 shares during the period. Victory Capital Management Inc. owned about 0.05% of H&R Block worth $3,942,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HRB. Endeavor Private Wealth Inc. acquired a new stake in H&R Block during the fourth quarter worth $27,000. Spire Wealth Management bought a new position in shares of H&R Block during the fourth quarter valued at $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of H&R Block during the fourth quarter valued at $29,000. Darwin Wealth Management LLC bought a new position in shares of H&R Block during the third quarter valued at $34,000. Finally, GAMMA Investing LLC lifted its holdings in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analysts Set New Price Targets

HRB has been the subject of a number of analyst reports. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research reissued an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Stock Performance

H&R Block stock opened at $50.24 on Friday. The stock has a 50-day simple moving average of $53.56 and a 200 day simple moving average of $57.59. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.99%. H&R Block’s dividend payout ratio is currently 41.32%.

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.