Victory Capital Management Inc. Sells 424,936 Shares of H&R Block, Inc. (NYSE:HRB)

Victory Capital Management Inc. reduced its position in shares of H&R Block, Inc. (NYSE:HRB) by 85.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,605 shares of the company’s stock after selling 424,936 shares during the quarter. Victory Capital Management Inc.’s holdings in H&R Block were worth $3,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HRB. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block during the 4th quarter worth about $27,000. Spire Wealth Management acquired a new position in shares of H&R Block during the 4th quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of H&R Block during the 4th quarter worth about $29,000. Darwin Wealth Management LLC acquired a new position in shares of H&R Block during the 3rd quarter worth about $34,000. Finally, GAMMA Investing LLC grew its position in shares of 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 institutional investors.

H&R Block Price Performance

Shares of HRB opened at $50.24 on Friday. 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 stock has a 50 day simple moving average of $53.56 and a 200 day simple moving average of $57.59. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The firm has a market capitalization of $6.72 billion, a PE ratio of 13.84, a P/E/G ratio of 0.80 and a beta of 0.65.

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

H&R Block Dividend Announcement

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

Wall Street Analyst Weigh In

HRB has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research report 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.