Cannell & Spears LLC Sells 1,865 Shares of H&R Block, Inc. (NYSE:HRB)

Cannell & Spears LLC trimmed its holdings in H&R Block, Inc. (NYSE:HRB) by 27.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,030 shares of the company’s stock after selling 1,865 shares during the quarter. Cannell & Spears LLC’s holdings in H&R Block were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of HRB. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block during the fourth quarter valued at approximately $27,000. Spire Wealth Management bought a new position in H&R Block during the 4th quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block during the fourth quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after acquiring an additional 289 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Up 2.6 %

HRB stock opened at $56.34 on Wednesday. The stock has a market capitalization of $7.54 billion, a P/E ratio of 15.52, 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. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The business has a fifty day moving average price of $53.28 and a 200-day moving average price of $56.71.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate 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 fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.66%. H&R Block’s dividend payout ratio is presently 41.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

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.