O Shaughnessy Asset Management LLC Has $3.88 Million Stock Holdings in H&R Block, Inc. (NYSE:HRB)

O Shaughnessy Asset Management LLC lowered its stake in H&R Block, Inc. (NYSE:HRB) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,434 shares of the company’s stock after selling 10,909 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in H&R Block were worth $3,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Boston Partners lifted its stake in H&R Block by 58.5% in the fourth quarter. Boston Partners now owns 4,500,552 shares of the company’s stock valued at $237,814,000 after buying an additional 1,660,319 shares during the period. Norges Bank bought a new position in H&R Block during the 4th quarter worth approximately $57,253,000. Boston Trust Walden Corp acquired a new position in H&R Block during the fourth quarter valued at approximately $25,552,000. Pacer Advisors Inc. increased its stake in H&R Block by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock valued at $144,527,000 after purchasing an additional 476,892 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in H&R Block by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock worth $275,796,000 after purchasing an additional 282,633 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Up 0.6 %

H&R Block stock opened at $56.66 on Thursday. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month 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 company has a 50 day moving average of $53.35 and a 200-day moving average of $56.71. The stock has a market capitalization of $7.58 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last released its quarterly 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%. On average, equities research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is currently 41.32%.

Wall Street Analysts Forecast Growth

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

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.