State of New Jersey Common Pension Fund D Sells 218 Shares of H&R Block, Inc. (NYSE:HRB)

State of New Jersey Common Pension Fund D trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,873 shares of the company’s stock after selling 218 shares during the period. State of New Jersey Common Pension Fund D’s holdings in H&R Block were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in H&R Block by 26.8% in the 4th quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company’s stock valued at $3,097,000 after buying an additional 12,390 shares during the period. Point72 Asset Management L.P. purchased a new stake in H&R Block in the 3rd quarter valued at about $1,821,000. Algert Global LLC boosted its position in H&R Block by 413.1% in the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company’s stock valued at $4,583,000 after buying an additional 58,057 shares during the period. Charles Schwab Investment Management Inc. boosted its position in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after buying an additional 255,354 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in H&R Block in the 4th quarter valued at about $362,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Price Performance

Shares of HRB opened at $52.42 on Friday. H&R Block, Inc. has a fifty-two week low of $45.64 and a fifty-two week high of $68.45. The company has a 50 day moving average price of $53.85 and a 200-day moving average price of $58.39. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $7.02 billion, a PE ratio of 14.44, a PEG ratio of 0.79 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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%. Equities analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal 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 given a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.86%. H&R Block’s payout ratio is 41.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in 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 research report on Thursday, February 13th.

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.