Affinity Wealth Management LLC Sells 2,353 Shares of H&R Block, Inc. (NYSE:HRB)

Affinity Wealth Management LLC lessened its position in H&R Block, Inc. (NYSE:HRB) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,338 shares of the company’s stock after selling 2,353 shares during the period. Affinity Wealth Management LLC’s holdings in H&R Block were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Wedge Capital Management L L P NC grew its stake in shares of H&R Block by 1,630.9% in the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock worth $49,395,000 after purchasing an additional 732,359 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after buying an additional 255,354 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of H&R Block by 29.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after buying an additional 156,856 shares during the last quarter. Bridgewater Associates LP increased its stake in shares of H&R Block by 96.4% during the third quarter. Bridgewater Associates LP now owns 309,664 shares of the company’s stock valued at $19,679,000 after buying an additional 151,978 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of H&R Block by 1,013.7% during the third quarter. Empowered Funds LLC now owns 129,891 shares of the company’s stock valued at $8,255,000 after acquiring an additional 118,228 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of HRB opened at $52.85 on Friday. The company has a 50-day simple moving average of $55.51 and a two-hundred day simple moving average of $58.73. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $7.24 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The firm had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same quarter in the previous year, the business earned ($1.05) EPS. On average, analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were paid a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.84%. H&R Block’s payout ratio is 36.59%.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Friday, November 8th.

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.