IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 729 Shares of H&R Block, Inc. (NYSE:HRB)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,026 shares of the company’s stock after selling 729 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in H&R Block were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block during the 4th quarter worth $27,000. Spire Wealth Management purchased a new position in H&R Block during the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at about $29,000. GAMMA Investing LLC lifted its position in shares of H&R Block by 64.5% in 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after purchasing an additional 289 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HRB has been the subject of a number of recent research reports. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Stock Down 0.3 %

Shares of H&R Block stock opened at $53.92 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a market cap of $7.22 billion, a P/E ratio of 14.85, a PEG ratio of 0.80 and a beta of 0.65. The firm’s 50 day moving average price is $53.28 and its 200-day moving average price is $56.97. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45.

H&R Block (NYSE:HRB) last issued 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 negative return on equity of 179.15% and a net margin of 14.71%. On average, sell-side analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.78%. H&R Block’s payout ratio is 41.32%.

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.