American International Group Inc. Trims Stock Position in H&R Block, Inc. (NYSE:HRB)

American International Group Inc. cut its stake in shares of H&R Block, Inc. (NYSE:HRB) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 195,254 shares of the company’s stock after selling 20,175 shares during the period. American International Group Inc. owned approximately 0.14% of H&R Block worth $9,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HRB. Norges Bank purchased a new stake in H&R Block during the 4th quarter valued at approximately $82,605,000. Fuller & Thaler Asset Management Inc. raised its stake in H&R Block by 110.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,768,425 shares of the company’s stock valued at $119,208,000 after acquiring an additional 1,453,504 shares during the last quarter. BNP Paribas Financial Markets raised its stake in H&R Block by 415.0% during the 4th quarter. BNP Paribas Financial Markets now owns 782,288 shares of the company’s stock valued at $37,839,000 after acquiring an additional 630,384 shares during the last quarter. Prevatt Capital Ltd purchased a new stake in H&R Block during the 4th quarter valued at approximately $17,413,000. Finally, Blue Whale Capital LLP raised its stake in H&R Block by 636.4% during the 4th quarter. Blue Whale Capital LLP now owns 405,000 shares of the company’s stock valued at $19,590,000 after acquiring an additional 350,000 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HRB. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Barrington Research increased their target price on H&R Block from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th.

H&R Block Trading Up 2.5 %

Shares of HRB stock opened at $53.10 on Wednesday. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.94 and a beta of 0.69. The stock has a 50 day simple moving average of $49.66 and a 200-day simple moving average of $48.19. H&R Block, Inc. has a 12-month low of $30.66 and a 12-month high of $54.21.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, May 9th. The company reported $4.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the business posted $4.20 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts forecast that H&R Block, Inc. will post 4.29 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, June 5th. H&R Block’s payout ratio is currently 29.29%.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.