Corebridge Financial Inc. Sells 9,994 Shares of H&R Block, Inc. (NYSE:HRB)

Corebridge Financial Inc. lowered its stake in shares of H&R Block, Inc. (NYSE:HRB) by 6.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 155,394 shares of the company’s stock after selling 9,994 shares during the quarter. Corebridge Financial Inc.’s holdings in H&R Block were worth $8,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pathstone Holdings LLC grew its holdings in shares of H&R Block by 5.8% during the 3rd quarter. Pathstone Holdings LLC now owns 24,891 shares of the company’s stock worth $1,584,000 after purchasing an additional 1,357 shares in the last quarter. Advisors Asset Management Inc. grew its stake in H&R Block by 176.2% during the third quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock worth $172,000 after buying an additional 1,730 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in H&R Block by 7.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,667 shares of the company’s stock valued at $360,000 after buying an additional 410 shares during the period. Townsquare Capital LLC raised its position in shares of H&R Block by 15.0% in the 3rd quarter. Townsquare Capital LLC now owns 10,855 shares of the company’s stock valued at $690,000 after buying an additional 1,418 shares in the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of H&R Block by 96.4% during the 3rd quarter. Bridgewater Associates LP now owns 309,664 shares of the company’s stock worth $19,679,000 after acquiring an additional 151,978 shares during the period. Institutional investors own 90.14% of the company’s stock.

Analysts Set New Price Targets

HRB has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and issued 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 report on Thursday, February 13th.

H&R Block Trading Down 0.3 %

Shares of H&R Block stock opened at $53.92 on Friday. The firm’s 50 day moving average is $53.28 and its 200 day moving average is $56.97. The firm has a market capitalization of $7.22 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year 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.

H&R Block (NYSE:HRB) last posted its 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 negative return on equity of 179.15% and a net margin of 14.71%. Equities research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.78%. H&R Block’s dividend payout ratio 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.