Wilmington Savings Fund Society FSB Sells 1,280 Shares of H&R Block, Inc. (NYSE:HRB)

Wilmington Savings Fund Society FSB decreased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 48.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,381 shares of the company’s stock after selling 1,280 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in H&R Block were worth $73,000 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. Eastern Bank bought a new stake in H&R Block during the 3rd quarter valued at $25,000. Endeavor Private Wealth Inc. bought a new stake in H&R Block during the 4th quarter valued at $27,000. Spire Wealth Management bought a new stake in H&R Block during the 4th quarter valued at $28,000. Bogart Wealth LLC raised its holdings in H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in H&R Block during the 3rd quarter valued at $34,000. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HRB shares. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday.

H&R Block Trading Up 1.7 %

H&R Block stock opened at $52.36 on Friday. The stock has a market cap of $7.01 billion, a P/E ratio of 14.42, a PEG ratio of 0.82 and a beta of 0.69. H&R Block, Inc. has a fifty-two week low of $45.64 and a fifty-two week high of $68.45. The firm’s fifty day moving average price is $54.25 and its 200-day moving average price is $58.56. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73.

H&R Block (NYSE:HRB) last released its earnings results 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%. Equities research analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.87%. H&R Block’s dividend payout ratio is presently 41.32%.

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.