H&R Block, Inc. (NYSE:HRB) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of H&R Block, Inc. (NYSE:HRB) by 59.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,246 shares of the company’s stock after selling 47,444 shares during the quarter. Thrivent Financial for Lutherans’ holdings in H&R Block were worth $1,704,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HRB. Kennondale Capital Management LLC purchased a new position in H&R Block during the 4th quarter worth $157,000. Axxcess Wealth Management LLC raised its holdings in H&R Block by 7.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,846 shares of the company’s stock worth $203,000 after purchasing an additional 274 shares in the last quarter. Harbour Investments Inc. lifted its position in H&R Block by 1,552.2% in the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company’s stock valued at $80,000 after purchasing an additional 1,428 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in H&R Block by 15.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,485 shares of the company’s stock valued at $501,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Aurora Investment Counsel acquired a new position in H&R Block during the 4th quarter worth approximately $2,969,000. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Trading Up 0.3 %

Shares of H&R Block stock opened at $54.12 on Friday. The company has a 50-day moving average of $53.26 and a two-hundred day moving average of $56.86. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.24 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last released its quarterly earnings data 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 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 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is currently 41.32%.

Wall Street Analyst Weigh In

HRB has been the subject of several recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report 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.