Wilmington Savings Fund Society FSB Sells 1,280 Shares of H&R Block, Inc. (NYSE:HRB)

Wilmington Savings Fund Society FSB trimmed its position in H&R Block, Inc. (NYSE:HRB) by 48.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,381 shares of the company’s stock after selling 1,280 shares during the period. Wilmington Savings Fund Society FSB’s holdings in H&R Block were worth $73,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. increased its holdings in H&R Block by 4.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after purchasing an additional 198 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in H&R Block by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after purchasing an additional 221 shares in the last quarter. GAMMA Investing LLC increased its holdings in H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares in the last quarter. IHT Wealth Management LLC increased its holdings in H&R Block by 5.4% during the 3rd quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock worth $355,000 after purchasing an additional 288 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in H&R Block by 52.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after purchasing an additional 289 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Price Performance

Shares of NYSE HRB opened at $52.36 on Friday. H&R Block, Inc. has a twelve month low of $45.64 and a twelve month high of $68.45. The stock’s 50 day moving average price is $54.25 and its 200-day moving average price is $58.56. The company has a market capitalization of $7.01 billion, a PE ratio of 14.42, a PEG ratio of 0.82 and a beta of 0.69. The company has a quick ratio of 0.77, a current ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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, equities analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.87%. H&R Block’s payout ratio is presently 41.32%.

Analyst Ratings Changes

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

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.