State of Tennessee Treasury Department Sells 22,319 Shares of H&R Block, Inc. (HRB)

State of Tennessee Treasury Department decreased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 28.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,881 shares of the company’s stock after selling 22,319 shares during the quarter. State of Tennessee Treasury Department’s holdings in H&R Block were worth $1,506,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HRB. Teachers Advisors LLC lifted its position in H&R Block by 4.6% during the first quarter. Teachers Advisors LLC now owns 334,349 shares of the company’s stock valued at $7,774,000 after purchasing an additional 14,602 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of H&R Block by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,027,986 shares of the company’s stock worth $23,900,000 after acquiring an additional 42,353 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of H&R Block in the 1st quarter worth about $293,000. Gateway Investment Advisers LLC lifted its holdings in shares of H&R Block by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 12,870 shares of the company’s stock worth $398,000 after acquiring an additional 35 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of H&R Block by 475.4% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 33,625 shares of the company’s stock worth $1,039,000 after acquiring an additional 27,781 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Several equities research analysts have recently issued reports on HRB shares. ValuEngine upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BMO Capital Markets restated a “hold” rating and issued a $27.00 price target on shares of H&R Block in a report on Friday, October 13th. Finally, Oppenheimer restated a “hold” rating on shares of H&R Block in a report on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.17.

H&R Block, Inc. (NYSE:HRB) traded down $1.60 during trading hours on Thursday, hitting $27.39. 7,178,219 shares of the stock traded hands, compared to its average volume of 3,085,882. The company has a debt-to-equity ratio of -6.97, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $5,496.19, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.21 and a beta of 0.56. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.80.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Wednesday, December 6th. The company reported ($0.71) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.01. The company had revenue of $140.85 million during the quarter, compared to analyst estimates of $131.24 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.67) EPS. equities research analysts forecast that H&R Block, Inc. will post 1.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Friday, December 1st. H&R Block’s payout ratio is presently 49.48%.

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H&R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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