Cresset Asset Management LLC Sells 16,737 Shares of H&R Block, Inc. (NYSE:HRB)

Cresset Asset Management LLC lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 63.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,584 shares of the company’s stock after selling 16,737 shares during the period. Cresset Asset Management LLC’s holdings in H&R Block were worth $509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in H&R Block during the fourth quarter valued at approximately $27,000. Spire Wealth Management bought a new position in shares of H&R Block in the fourth quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of H&R Block in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $44,000 after purchasing an additional 289 shares during the period. Institutional investors own 90.14% of the company’s stock.

Insider Transactions at H&R Block

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 transaction of $3,405,096.80. Following the sale, the chief executive officer now owns 844,790 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

H&R Block Trading Down 1.2%

Shares of H&R Block stock opened at $56.25 on Thursday. The company’s fifty day simple moving average is $57.00 and its 200-day simple moving average is $56.12. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.80 and a beta of 0.28. 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, Inc. has a 1 year low of $48.23 and a 1 year high of $68.45.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.26. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. H&R Block’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $4.94 earnings per share. As a group, sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.67%. H&R Block’s payout ratio is 36.76%.

Analysts Set New Price Targets

HRB has been the topic of a number of recent analyst reports. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Northcoast Research lowered shares of H&R Block from a “buy” rating to a “neutral” rating in a research report on Friday, May 2nd. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research report on Friday, April 25th. Finally, The Goldman Sachs Group lifted their price target on shares of H&R Block from $49.00 to $54.00 and gave the company a “sell” rating in a research report on Thursday, May 8th.

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.