Geode Capital Management LLC Sells 60,115 Shares of H&R Block, Inc. (NYSE:HRB)

Geode Capital Management LLC cut its stake in shares of H&R Block, Inc. (NYSE:HRB) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,614,941 shares of the company’s stock after selling 60,115 shares during the quarter. Geode Capital Management LLC’s holdings in H&R Block were worth $166,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of H&R Block by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after acquiring an additional 255,354 shares during the last quarter. Pacer Advisors Inc. raised its position in H&R Block by 52.2% during the second quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock valued at $148,492,000 after purchasing an additional 939,270 shares in the last quarter. Dimensional Fund Advisors LP raised its position in H&R Block by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,484,417 shares of the company’s stock valued at $134,726,000 after purchasing an additional 23,792 shares in the last quarter. AQR Capital Management LLC lifted its stake in H&R Block by 39.7% during the second quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company’s stock worth $115,418,000 after purchasing an additional 606,250 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of H&R Block by 1,630.9% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

HRB stock opened at $55.50 on Monday. The firm has a market cap of $7.61 billion, a P/E ratio of 13.54, a P/E/G ratio of 0.86 and a beta of 0.66. The firm’s fifty day moving average is $59.53 and its 200 day moving average is $58.43. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same quarter in the prior year, the firm posted ($1.05) EPS. Research analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be given a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.70%. H&R Block’s payout ratio is currently 36.59%.

Wall Street Analyst Weigh In

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

About H&R Block

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.