Amalgamated Bank Sells 4,372 Shares of H&R Block, Inc. (NYSE:HRB)

Amalgamated Bank lowered its position in H&R Block, Inc. (NYSE:HRB) by 6.2% during the 4th quarter, Holdings Channel reports. The firm owned 65,721 shares of the company’s stock after selling 4,372 shares during the quarter. Amalgamated Bank’s holdings in H&R Block were worth $3,473,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HRB. Endeavor Private Wealth Inc. purchased a new stake in shares of H&R Block in the 4th quarter worth $27,000. Spire Wealth Management purchased a new stake in H&R Block in the fourth quarter worth about $28,000. Darwin Wealth Management LLC bought a new position in H&R Block during the 3rd quarter worth about $34,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block during the 4th quarter valued at about $29,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of H&R Block in the 3rd quarter valued at about $40,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

H&R Block Stock Performance

HRB stock opened at $54.46 on Friday. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.80 and a beta of 0.69. 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 firm has a 50-day simple moving average of $53.73 and a two-hundred day simple moving average of $58.31.

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%. On average, equities analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.75%. H&R Block’s payout ratio is 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.