Assetmark Inc. Trims Stake in H&R Block, Inc. (NYSE:HRB)

Assetmark Inc. cut its position in shares of H&R Block, Inc. (NYSE:HRB) by 43.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 729 shares of the company’s stock after selling 568 shares during the period. Assetmark Inc.’s holdings in H&R Block were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in H&R Block in the fourth quarter worth about $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block in the 4th quarter worth approximately $28,000. Darwin Wealth Management LLC purchased a new stake in shares of H&R Block in the 3rd quarter worth approximately $34,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block during the 4th quarter worth $29,000. Finally, GAMMA Investing LLC lifted its stake in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Trading Up 0.6 %

NYSE HRB opened at $50.24 on Friday. The company has a fifty day simple moving average of $53.56 and a two-hundred day simple moving average of $57.59. The stock has a market cap of $6.72 billion, a P/E ratio of 13.84, 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 company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

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

H&R Block Dividend Announcement

The firm also recently declared 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 2.99%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio is presently 41.32%.

Analysts Set New Price Targets

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