Retirement Systems of Alabama Sells 29,030 Shares of H&R Block, Inc. (NYSE:HRB)

Retirement Systems of Alabama lessened its position in H&R Block, Inc. (NYSE:HRB) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,807 shares of the company’s stock after selling 29,030 shares during the quarter. Retirement Systems of Alabama owned 0.24% of H&R Block worth $20,769,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Eastern Bank bought a new stake in H&R Block in the third quarter worth about $25,000. Bogart Wealth LLC raised its holdings in shares of H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of H&R Block during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in H&R Block during the 3rd quarter valued at $35,000. Finally, Harbor Capital Advisors Inc. bought a new position in H&R Block in the 3rd quarter valued at $40,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Down 0.9 %

Shares of NYSE HRB opened at $55.50 on Friday. H&R Block, Inc. has a 52-week low of $42.28 and a 52-week high of $68.45. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.86 and a beta of 0.66. The stock has a 50 day moving average price of $59.53 and a 200 day moving average price of $58.37. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The firm had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same quarter in the prior year, the company posted ($1.05) earnings per share. Sell-side analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, December 5th. H&R Block’s dividend payout ratio (DPR) is 36.59%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, November 8th.

Insider Activity

In other news, VP Kellie J. Logerwell sold 8,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $64.41, for a total transaction of $515,280.00. Following the transaction, the vice president now directly owns 18,474 shares in the company, valued at approximately $1,189,910.34. This trade represents a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

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.