Convergence Investment Partners LLC Sells 246 Shares of H&R Block, Inc. (NYSE:HRB)

Convergence Investment Partners LLC lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,136 shares of the company’s stock after selling 246 shares during the period. Convergence Investment Partners LLC’s holdings in H&R Block were worth $1,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HRB. Prossimo Advisors LLC raised its stake in H&R Block by 19.4% in the fourth quarter. Prossimo Advisors LLC now owns 4,237 shares of the company’s stock valued at $224,000 after purchasing an additional 687 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of H&R Block in the 4th quarter worth $511,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of H&R Block during the 4th quarter valued at $818,000. Atria Wealth Solutions Inc. lifted its holdings in shares of H&R Block by 51.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 19,241 shares of the company’s stock worth $1,021,000 after acquiring an additional 6,544 shares during the last quarter. Finally, Truist Financial Corp grew its position in H&R Block by 3.0% in the fourth quarter. Truist Financial Corp now owns 676,294 shares of the company’s stock worth $35,735,000 after acquiring an additional 19,593 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 $52.44 on Thursday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $7.02 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.80 and a beta of 0.69. The firm’s fifty day moving average is $53.92 and its 200 day moving average is $58.43. H&R Block, Inc. has a 52 week low of $45.64 and a 52 week high of $68.45.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. Research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.86%. H&R Block’s payout ratio is currently 41.32%.

Wall Street Analyst Weigh In

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

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.