Handelsbanken Fonder AB Sells 400 Shares of H&R Block, Inc. (NYSE:HRB)

Handelsbanken Fonder AB lessened its stake in H&R Block, Inc. (NYSE:HRB) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,700 shares of the company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in H&R Block were worth $1,886,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after purchasing an additional 255,354 shares during the last quarter. Pacer Advisors Inc. raised its position in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after purchasing an additional 476,892 shares during the last quarter. Wedge Capital Management L L P NC raised its position in H&R Block by 13.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock worth $46,748,000 after purchasing an additional 107,450 shares during the last quarter. JPMorgan Chase & Co. raised its position in H&R Block by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock worth $47,935,000 after purchasing an additional 25,234 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in H&R Block by 29.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after purchasing an additional 156,856 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

H&R Block Stock Performance

Shares of H&R Block stock opened at $54.17 on Wednesday. The firm has a fifty day moving average of $53.74 and a two-hundred day moving average of $58.39. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73.

H&R Block (NYSE:HRB) last issued 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 net margin of 14.71% and a negative return on equity of 179.15%. As a group, equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is 41.32%.

H&R Block Company 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.