Corebridge Financial Inc. Has $8.21 Million Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Corebridge Financial Inc. lowered its stake in H&R Block, Inc. (NYSE:HRB) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 155,394 shares of the company’s stock after selling 9,994 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of H&R Block worth $8,211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block during the 4th quarter worth approximately $27,000. Spire Wealth Management bought a new position in shares of H&R Block in the fourth quarter valued at $28,000. Newbridge Financial Services Group Inc. acquired a new position in H&R Block during the fourth quarter worth $29,000. GAMMA Investing LLC lifted its stake in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after acquiring an additional 258 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of H&R Block by 52.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HRB. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

H&R Block Stock Performance

Shares of HRB stock opened at $53.92 on Friday. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.80 and a beta of 0.65. The company has a 50-day simple moving average of $53.28 and a 200 day simple moving average of $56.97. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (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%. On average, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s dividend payout ratio is currently 41.32%.

H&R Block 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.