Optimist Retirement Group LLC Decreases Stake in H&R Block, Inc. (NYSE:HRB)

Optimist Retirement Group LLC cut its stake in H&R Block, Inc. (NYSE:HRB) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,846 shares of the company’s stock after selling 236 shares during the period. H&R Block accounts for about 1.1% of Optimist Retirement Group LLC’s portfolio, making the stock its 21st largest position. Optimist Retirement Group LLC’s holdings in H&R Block were worth $2,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Choreo LLC raised its holdings in shares of H&R Block by 4.5% in the fourth quarter. Choreo LLC now owns 20,527 shares of the company’s stock worth $1,084,000 after buying an additional 892 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of H&R Block by 12.2% in the 4th quarter. Tectonic Advisors LLC now owns 120,808 shares of the company’s stock valued at $6,383,000 after acquiring an additional 13,090 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in H&R Block by 17.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,800 shares of the company’s stock worth $5,439,000 after acquiring an additional 15,379 shares during the last quarter. Retirement Systems of Alabama lifted its position in H&R Block by 17.5% during the 4th quarter. Retirement Systems of Alabama now owns 384,026 shares of the company’s stock worth $20,292,000 after acquiring an additional 57,219 shares during the period. Finally, Boston Trust Walden Corp purchased a new stake in H&R Block during the 4th quarter valued at about $25,552,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HRB shares. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research note on Wednesday.

H&R Block Stock Performance

NYSE HRB opened at $54.35 on Thursday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 13.26, a PEG ratio of 0.84 and a beta of 0.69. The stock has a 50-day simple moving average of $54.96 and a two-hundred day simple moving average of $58.74. 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, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. On average, equities analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

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.