AGF Management Ltd. Trims Holdings in H&R Block, Inc. (NYSE:HRB)

AGF Management Ltd. trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,886 shares of the company’s stock after selling 4,152 shares during the period. AGF Management Ltd.’s holdings in H&R Block were worth $2,319,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in shares of H&R Block in the 4th quarter valued at approximately $27,000. Spire Wealth Management purchased a new stake in H&R Block during the 4th quarter worth approximately $28,000. Darwin Wealth Management LLC purchased a new stake in H&R Block during the 3rd quarter worth approximately $34,000. Newbridge Financial Services Group Inc. purchased a new stake in H&R Block during the 4th quarter worth approximately $29,000. Finally, GAMMA Investing LLC increased its stake in H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Trading Up 0.6 %

NYSE HRB opened at $50.24 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The stock has a market capitalization of $6.72 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. The firm has a 50 day moving average of $53.63 and a two-hundred day moving average of $57.74.

H&R Block (NYSE:HRB) last posted its quarterly earnings results 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%. As a group, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

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 issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Analyst Upgrades and Downgrades

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

H&R Block Company 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.