American Century Companies Inc. Cuts Stake in H&R Block, Inc. (NYSE:HRB)

American Century Companies Inc. cut its holdings in H&R Block, Inc. (NYSE:HRB) by 54.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,360 shares of the company’s stock after selling 122,857 shares during the quarter. American Century Companies Inc. owned approximately 0.08% of H&R Block worth $5,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its stake in shares of H&R Block by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock valued at $225,000 after purchasing an additional 222 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in H&R Block by 26.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company’s stock worth $3,097,000 after buying an additional 12,390 shares during the period. Point72 Asset Management L.P. bought a new stake in H&R Block during the 3rd quarter valued at $1,821,000. Charles Schwab Investment Management Inc. increased its holdings in shares of H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock valued at $275,796,000 after acquiring an additional 282,633 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of H&R Block in the 4th quarter worth $10,725,000. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Performance

Shares of HRB opened at $55.64 on Friday. 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 firm has a market cap of $7.45 billion, a PE ratio of 15.33, a P/E/G ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The stock has a fifty day moving average price of $53.50 and a 200-day moving average price of $56.66.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) 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%. Equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block’s dividend payout ratio is presently 41.32%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HRB. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research restated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

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.