Convergence Investment Partners LLC Decreases Holdings in H&R Block, Inc. (NYSE:HRB)

Convergence Investment Partners LLC reduced its stake in H&R Block, Inc. (NYSE:HRB) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,136 shares of the company’s stock after selling 246 shares during the quarter. Convergence Investment Partners LLC’s holdings in H&R Block were worth $1,170,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HRB. Coldstream Capital Management Inc. boosted its stake in H&R Block by 4.2% in the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock valued at $309,000 after acquiring an additional 198 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of H&R Block by 5.5% in 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 during the period. CIBC Asset Management Inc lifted its stake in H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock valued at $225,000 after purchasing an additional 222 shares during the last quarter. GAMMA Investing LLC grew its holdings in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares during the period. Finally, IHT Wealth Management LLC raised its stake in shares of H&R Block by 5.4% in the third quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock valued at $355,000 after buying an additional 288 shares during the period. Institutional investors own 90.14% of the company’s stock.

H&R Block Trading Up 1.3 %

NYSE:HRB opened at $52.44 on Thursday. H&R Block, Inc. has a 1 year low of $45.64 and a 1 year high of $68.45. The stock’s fifty day moving average price is $53.92 and its two-hundred day moving average price is $58.43. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $7.02 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.80 and a beta of 0.69.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate 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%. As a group, analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HRB. StockNews.com downgraded 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 set a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Company 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.