H&R Block, Inc. (NYSE:HRB) Shares Purchased by UBS Group AG

UBS Group AG lifted its position in H&R Block, Inc. (NYSE:HRB – Get Rating) by 25.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 394,642 shares of the company’s stock after acquiring an additional 78,926 shares during the period. UBS Group AG’s holdings in H&R Block were worth $14,408,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of H&R Block by 3.9% in the third quarter. BlackRock Inc. now owns 19,856,128 shares of the company’s stock worth $844,678,000 after acquiring an additional 751,766 shares during the last quarter. State Street Corp boosted its stake in H&R Block by 13.9% during the first quarter. State Street Corp now owns 7,889,986 shares of the company’s stock worth $207,444,000 after buying an additional 961,159 shares during the last quarter. Lazard Asset Management LLC boosted its stake in H&R Block by 0.7% during the first quarter. Lazard Asset Management LLC now owns 5,944,998 shares of the company’s stock worth $154,807,000 after buying an additional 40,977 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in H&R Block by 186.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,969,445 shares of the company’s stock worth $77,325,000 after buying an additional 1,933,031 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in H&R Block by 7.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,148,288 shares of the company’s stock worth $91,395,000 after buying an additional 147,300 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

H&R Block Stock Up 1.1 %

NYSE:HRB opened at $29.62 on Friday. H&R Block, Inc. has a 52 week low of $29.14 and a 52 week high of $48.76. The company has a market capitalization of $4.51 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.63 and a beta of 0.67. The stock’s fifty day moving average is $33.52 and its two-hundred day moving average is $37.18.

H&R Block (NYSE:HRB – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $4.20 EPS for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.26). H&R Block had a net margin of 13.59% and a negative return on equity of 284.65%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. H&R Block’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that H&R Block, Inc. will post 3.73 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, June 7th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $1.16 annualized dividend and a dividend yield of 3.92%. H&R Block’s dividend payout ratio is presently 39.06%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HRB. The Goldman Sachs Group boosted their price objective on H&R Block from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Wednesday, February 8th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Barrington Research reduced their target price on H&R Block from $48.00 to $42.00 in a research report on Wednesday, May 10th.

H&R Block Company Profile

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H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail, and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice, and tax-related news, use of calculators for tax planning, and error checking and electronic filing.