Fulton Breakefield Broenniman LLC Sells 1,791 Shares of H&R Block, Inc. (NYSE:HRB)

Fulton Breakefield Broenniman LLC cut its position in shares of H&R Block, Inc. (NYSE:HRB) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,658 shares of the company’s stock after selling 1,791 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in H&R Block were worth $902,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in H&R Block by 91.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock worth $28,000 after acquiring an additional 600 shares during the period. Daiwa Securities Group Inc. acquired a new position in H&R Block during the fourth quarter worth $48,000. HM Payson & Co. bought a new stake in H&R Block during the third quarter worth $50,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of H&R Block during the 4th quarter valued at $53,000. Institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HRB shares. The Goldman Sachs Group raised their price objective on shares of H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of H&R Block stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the transaction, the chief executive officer now directly owns 755,359 shares of the company’s stock, valued at approximately $37,171,216.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

H&R Block Trading Down 0.3 %

HRB opened at $46.50 on Friday. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. The stock has a fifty day simple moving average of $47.70 and a two-hundred day simple moving average of $46.41. H&R Block, Inc. has a 12-month low of $28.83 and a 12-month high of $52.90.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.58) by $0.31. The business had revenue of $179.10 million for the quarter, compared to analysts’ expectations of $169.45 million. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.37) EPS. On average, analysts predict that H&R Block, Inc. will post 4.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 5th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Monday, March 4th. H&R Block’s dividend payout ratio is presently 35.26%.

H&R Block Company Profile

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.