State Board of Administration of Florida Retirement System Has $5.91 Million Stock Position in H&R Block, Inc. (NYSE:HRB)

State Board of Administration of Florida Retirement System decreased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 3.2% during the 3rd quarter, Holdings Channel reports. The firm owned 236,551 shares of the company’s stock after selling 7,763 shares during the period. State Board of Administration of Florida Retirement System’s holdings in H&R Block were worth $5,914,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HRB. Envestnet Asset Management Inc. increased its holdings in shares of H&R Block by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 110,697 shares of the company’s stock worth $2,599,000 after acquiring an additional 7,960 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of H&R Block during the 2nd quarter worth approximately $120,000. Citigroup Inc. increased its holdings in shares of H&R Block by 17.9% during the 2nd quarter. Citigroup Inc. now owns 299,397 shares of the company’s stock worth $7,030,000 after acquiring an additional 45,374 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of H&R Block by 72.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 371,901 shares of the company’s stock worth $8,732,000 after acquiring an additional 156,711 shares during the last quarter. Finally, Cibc World Markets Corp increased its holdings in shares of H&R Block by 580.4% during the 2nd quarter. Cibc World Markets Corp now owns 134,000 shares of the company’s stock worth $3,146,000 after acquiring an additional 114,306 shares during the last quarter. 83.25% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Robert A. Gerard purchased 5,000 shares of H&R Block stock in a transaction that occurred on Thursday, November 4th. The stock was acquired at an average cost of $25.14 per share, for a total transaction of $125,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.98% of the company’s stock.

HRB stock opened at $22.10 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 127.80. The firm has a market capitalization of $3.88 billion, a PE ratio of 5.12, a PEG ratio of 0.62 and a beta of 0.77. H&R Block, Inc. has a 1-year low of $15.90 and a 1-year high of $26.51. The business’s 50 day simple moving average is $23.91 and its 200 day simple moving average is $24.48.

H&R Block (NYSE:HRB) last posted its earnings results on Monday, November 1st. The company reported ($0.78) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.05) by $0.27. The business had revenue of $192.62 million for the quarter, compared to analyst estimates of $167.80 million. H&R Block had a negative return on equity of 770.31% and a net margin of 20.86%. During the same period in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts predict that H&R Block, Inc. will post 2.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Investors of record on Monday, December 6th were paid a $0.27 dividend. The ex-dividend date was Friday, December 3rd. This represents a $1.08 annualized dividend and a yield of 4.89%. H&R Block’s dividend payout ratio (DPR) is presently 25.00%.

About H&R Block

H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail; and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing.

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

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