AGF Management Ltd. Lowers Stock Holdings in H&R Block, Inc. (NYSE:HRB)

AGF Management Ltd. cut its position in H&R Block, Inc. (NYSE:HRB) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,886 shares of the company’s stock after selling 4,152 shares during the period. AGF Management Ltd.’s holdings in H&R Block were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management acquired a new position in H&R Block during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new position in H&R Block during the fourth quarter worth about $29,000. Darwin Wealth Management LLC acquired a new position in H&R Block during the third quarter worth about $34,000. Finally, GAMMA Investing LLC boosted its position in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Stock Performance

NYSE:HRB opened at $50.24 on Friday. 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 firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.80 and a beta of 0.65. The company’s 50-day moving average is $53.63 and its two-hundred day moving average is $57.74. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The business also recently declared 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is 41.32%.

H&R Block 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.