H&R Block, Inc. (NYSE:HRB) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC reduced its position in H&R Block, Inc. (NYSE:HRB) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 162,833 shares of the company’s stock after selling 15,440 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in H&R Block were worth $8,604,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HRB. CIBC Asset Management Inc grew its position in shares of H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock valued at $225,000 after purchasing an additional 222 shares during the period. State of Alaska Department of Revenue grew its holdings 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. acquired a new position in shares of H&R Block during the 3rd quarter valued at about $1,821,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 282,633 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of H&R Block in the fourth quarter worth approximately $10,725,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

H&R Block Stock Down 2.2 %

Shares of NYSE:HRB opened at $55.64 on Monday. The stock has a 50-day simple moving average of $53.50 and a 200-day simple moving average of $56.56. The stock has a market capitalization of $7.45 billion, a P/E ratio of 15.33, a PEG ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73.

H&R Block (NYSE:HRB) last announced 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%. Equities analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.70%. The ex-dividend date was Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

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.