H&R Block, Inc. (NYSE:HRB) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 48.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,172 shares of the company’s stock after selling 10,514 shares during the quarter. Guggenheim Capital LLC’s holdings in H&R Block were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HRB. Boston Partners lifted its stake in shares of H&R Block by 58.5% during the fourth quarter. Boston Partners now owns 4,500,552 shares of the company’s stock worth $237,814,000 after purchasing an additional 1,660,319 shares in the last quarter. Norges Bank acquired a new position in H&R Block during the 4th quarter worth approximately $57,253,000. Boston Trust Walden Corp purchased a new position in H&R Block in the 4th quarter worth approximately $25,552,000. Pacer Advisors Inc. boosted its holdings in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after acquiring an additional 476,892 shares during the period. Finally, Invesco Ltd. grew its position in H&R Block by 26.5% in the fourth quarter. Invesco Ltd. now owns 1,574,552 shares of the company’s stock valued at $83,199,000 after acquiring an additional 330,279 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the transaction, the chief executive officer now owns 844,790 shares of the company’s stock, valued at $53,458,311.20. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

H&R Block Stock Performance

Shares of HRB opened at $59.78 on Friday. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.80 and a beta of 0.39. The business’s 50 day moving average is $55.32 and its two-hundred day moving average is $56.21.

H&R Block (NYSE:HRB) last posted its quarterly earnings data 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%. Analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were given a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.51%. H&R Block’s payout ratio is 41.32%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HRB shares. Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Friday. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

H&R Block 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.