H&R Block, Inc. (NYSE:HRB) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reduced its stake in shares of H&R Block, Inc. (NYSE:HRB) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,094,791 shares of the company’s stock after selling 87,367 shares during the quarter. Goldman Sachs Group Inc. owned 0.78% of H&R Block worth $52,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of HRB. Exchange Traded Concepts LLC lifted its holdings in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of H&R Block by 1,200.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock valued at $28,000 after purchasing an additional 600 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of H&R Block in the fourth quarter valued at about $43,000. Daiwa Securities Group Inc. purchased a new stake in shares of H&R Block in the fourth quarter valued at about $48,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of H&R Block in the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of HRB opened at $53.10 on Thursday. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.97 and a beta of 0.69. The company’s 50 day simple moving average is $49.79 and its 200 day simple moving average is $48.22. H&R Block, Inc. has a 1 year low of $30.66 and a 1 year high of $54.21.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Thursday, May 9th. The company reported $4.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.28. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.20 earnings per share. Equities analysts expect that H&R Block, Inc. will post 4.29 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, June 5th. H&R Block’s dividend payout ratio is currently 29.29%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Barrington Research upped their price objective on shares of H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th.

H&R Block 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.