Mutual of America Capital Management LLC Sells 9,949 Shares of H&R Block, Inc. (NYSE:HRB)

Mutual of America Capital Management LLC lessened its holdings in H&R Block, Inc. (NYSE:HRB) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,136 shares of the company’s stock after selling 9,949 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of H&R Block worth $4,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HRB. Exchange Traded Concepts LLC boosted its stake in shares of H&R Block by 91.9% in the 4th 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 boosted its stake in shares of H&R Block by 1,200.0% in the 3rd 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. Belpointe Asset Management LLC boosted its stake in shares of H&R Block by 68.3% in the 1st quarter. Belpointe Asset Management LLC now owns 998 shares of the company’s stock valued at $35,000 after purchasing an additional 405 shares in the last quarter. Quarry LP boosted its stake in shares of H&R Block by 109.4% in the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock valued at $41,000 after purchasing an additional 674 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its stake in shares of H&R Block by 129.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,077 shares of the company’s stock valued at $46,000 after purchasing an additional 608 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

HRB has been the topic of several recent analyst reports. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. The Goldman Sachs Group upped their price target on shares of H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a research report on Wednesday, February 7th.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

H&R Block Stock Up 0.1 %

Shares of NYSE HRB opened at $46.29 on Tuesday. The firm’s 50-day simple moving average is $47.69 and its 200 day simple moving average is $46.13. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. 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 issued its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.58) by $0.31. The business had revenue of $179.10 million for the quarter, compared to the consensus estimate of $169.45 million. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.37) EPS. On average, equities analysts expect that H&R Block, Inc. will post 4.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.28 annualized dividend and a yield of 2.77%. H&R Block’s dividend payout ratio is currently 35.26%.

About H&R Block

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.