Affinity Wealth Management LLC Lowers Holdings in H&R Block, Inc. (NYSE:HRB)

Affinity Wealth Management LLC trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 18.5% during the 4th quarter, HoldingsChannel reports. The fund owned 10,338 shares of the company’s stock after selling 2,353 shares during the quarter. Affinity Wealth Management LLC’s holdings in H&R Block were worth $546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HRB. Eastern Bank bought a new position in H&R Block in the 3rd quarter worth about $25,000. Endeavor Private Wealth Inc. purchased a new position in H&R Block in the fourth quarter worth about $27,000. Bogart Wealth LLC lifted its stake 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 in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of H&R Block during the third quarter valued at approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of H&R Block during the third quarter valued at approximately $35,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

H&R Block Price Performance

NYSE HRB opened at $52.85 on Friday. The company has a 50-day moving average price of $55.51 and a 200-day moving average price of $58.73. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm has a market capitalization of $7.24 billion, a P/E ratio of 12.89, a PEG ratio of 0.81 and a beta of 0.69.

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

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were given a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.84%. H&R Block’s payout ratio is currently 36.59%.

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.