Caxton Associates LP Lowers Holdings in H&R Block, Inc. (NYSE:HRB)

Caxton Associates LP lowered its position in shares of H&R Block, Inc. (NYSE:HRB) by 62.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,253 shares of the company’s stock after selling 16,892 shares during the period. Caxton Associates LP’s holdings in H&R Block were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HRB. World Investment Advisors LLC bought a new stake in H&R Block during the 3rd quarter valued at $201,000. Wilmington Savings Fund Society FSB bought a new stake in H&R Block during the third quarter valued at about $169,000. Tidal Investments LLC grew its stake in H&R Block by 70.1% in the third quarter. Tidal Investments LLC now owns 19,495 shares of the company’s stock valued at $1,239,000 after purchasing an additional 8,036 shares during the last quarter. Franklin Resources Inc. raised its holdings in H&R Block by 29.7% in the third quarter. Franklin Resources Inc. now owns 250,280 shares of the company’s stock worth $15,179,000 after purchasing an additional 57,311 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Northcoast Research cut shares of H&R Block from a “buy” rating to a “neutral” rating in a research report on Friday, May 2nd. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research note on Friday, April 25th.

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the business’s 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 transaction, the chief executive officer now directly owns 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

H&R Block Trading Down 0.5 %

NYSE HRB opened at $61.19 on Wednesday. The company has a fifty day moving average of $56.46 and a 200 day moving average of $56.19. The company has a market capitalization of $8.19 billion, a PE ratio of 16.86, a P/E/G ratio of 0.80 and a beta of 0.28. 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, Inc. has a 1 year low of $48.23 and a 1 year high of $68.45.

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

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.45%. H&R Block’s payout ratio is 41.32%.

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.