MetLife Investment Management LLC Has $4.15 Million Holdings in H&R Block, Inc. (NYSE:HRB)

MetLife Investment Management LLC lifted its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,475 shares of the company’s stock after buying an additional 5,110 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of H&R Block worth $4,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in H&R Block during the fourth quarter valued at approximately $27,000. Spire Wealth Management acquired a new position in shares of H&R Block in the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at $29,000. GAMMA Investing LLC raised its stake in 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. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after acquiring an additional 289 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HRB has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a report on Friday. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

H&R Block Stock Performance

HRB opened at $59.78 on Friday. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 0.80 and a beta of 0.39. The business’s 50-day moving average price is $55.32 and its two-hundred day moving average price is $56.21. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) 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%. Equities analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.51%. H&R Block’s dividend payout ratio is 41.32%.

Insider Activity

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the completion of the transaction, the chief executive officer now directly owns 844,790 shares of the company’s stock, valued at approximately $53,458,311.20. This represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

About H&R Block

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.