Blue Whale Capital LLP Decreases Position in H&R Block, Inc. (NYSE:HRB)

Blue Whale Capital LLP decreased its stake in H&R Block, Inc. (NYSE:HRB) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 489,690 shares of the company’s stock after selling 21,792 shares during the quarter. H&R Block comprises 1.9% of Blue Whale Capital LLP’s portfolio, making the stock its 18th biggest holding. Blue Whale Capital LLP owned about 0.36% of H&R Block worth $25,875,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of H&R Block by 31.0% during the third quarter. Captrust Financial Advisors now owns 11,169 shares of the company’s stock valued at $710,000 after buying an additional 2,645 shares during the period. HighTower Advisors LLC boosted its holdings in H&R Block by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 17,982 shares of the company’s stock valued at $1,147,000 after acquiring an additional 2,803 shares during the period. Janus Henderson Group PLC increased its stake in H&R Block by 2.0% in the third quarter. Janus Henderson Group PLC now owns 62,859 shares of the company’s stock worth $3,997,000 after purchasing an additional 1,212 shares during the period. IHT Wealth Management LLC lifted its position in shares of H&R Block by 5.4% during the third quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock worth $355,000 after purchasing an additional 288 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of H&R Block during the third quarter valued at $1,821,000. Institutional investors own 90.14% of the company’s stock.

H&R Block Trading Down 2.2 %

NYSE HRB opened at $55.64 on Monday. H&R Block, Inc. has a one year low of $45.87 and a one year 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. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The company’s 50-day simple moving average is $53.50 and its two-hundred day simple moving average is $56.56.

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

H&R Block Announces Dividend

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

Wall Street Analysts Forecast Growth

HRB has been the subject of a number of research analyst reports. 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. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.