H&R Block, Inc. (NYSE:HRB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of H&R Block, Inc. (NYSE:HRB) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,394 shares of the company’s stock after selling 3,051 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of H&R Block worth $3,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block during the 4th quarter worth $27,000. Spire Wealth Management acquired a new position in shares of H&R Block during the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of H&R Block during the 4th quarter worth $29,000. Darwin Wealth Management LLC acquired a new position in shares of H&R Block during the 3rd quarter worth $34,000. Finally, GAMMA Investing LLC raised its stake in shares of 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 buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Price Performance

Shares of NYSE HRB opened at $52.20 on Thursday. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.80 and a beta of 0.69. The business has a 50 day simple moving average of $53.68 and a 200-day simple moving average of $58.22.

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%. As a group, equities research analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 annualized dividend and a dividend yield of 2.87%. H&R Block’s payout ratio is currently 41.32%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HRB shares. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

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.