Zurcher Kantonalbank Zurich Cantonalbank Sells 431 Shares of H&R Block, Inc. (NYSE:HRB)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,290 shares of the company’s stock after selling 431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in H&R Block were worth $1,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in H&R Block by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock worth $275,796,000 after buying an additional 282,633 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of H&R Block by 21.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after purchasing an additional 476,892 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of H&R Block by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,684,738 shares of the company’s stock worth $89,022,000 after purchasing an additional 47,920 shares in the last quarter. NewEdge Wealth LLC grew its stake in shares of H&R Block by 11.5% during the fourth quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company’s stock valued at $57,897,000 after purchasing an additional 113,216 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of H&R Block by 13.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock valued at $46,748,000 after purchasing an additional 107,450 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HRB has been the topic of a number of recent research reports. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Trading Up 3.7 %

Shares of NYSE HRB opened at $52.10 on Tuesday. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The firm has a market capitalization of $6.97 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.80 and a beta of 0.65. 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’s 50 day simple moving average is $53.54 and its 200 day simple moving average is $57.47.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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%. On average, analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

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. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.88%. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

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.