Farther Finance Advisors LLC Cuts Stock Position in H&R Block, Inc. (NYSE:HRB)

Farther Finance Advisors LLC decreased its holdings in H&R Block, Inc. (NYSE:HRB) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,155 shares of the company’s stock after selling 462 shares during the quarter. Farther Finance Advisors LLC’s holdings in H&R Block were worth $695,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Endeavor Private Wealth Inc. purchased a new position in H&R Block in the 4th quarter valued at approximately $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block during the fourth quarter worth $28,000. Darwin Wealth Management LLC acquired a new stake in shares of H&R Block in the third quarter valued at $34,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block in the fourth quarter valued at $29,000. Finally, GAMMA Investing LLC grew its stake 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. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of HRB stock opened at $50.24 on Friday. The company has a market cap of $6.72 billion, a P/E ratio of 13.84, a PEG ratio of 0.80 and a beta of 0.65. The firm has a fifty day moving average price of $53.56 and a 200 day moving average price of $57.59. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45.

H&R Block (NYSE:HRB) last issued 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 negative return on equity of 179.15% and a net margin of 14.71%. Sell-side analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is 41.32%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HRB. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.