Cambridge Investment Research Advisors Inc. Boosts Stock Position in H&R Block, Inc. (NYSE:HRB)

Cambridge Investment Research Advisors Inc. lifted its position in H&R Block, Inc. (NYSE:HRB – Get Rating) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,303 shares of the company’s stock after purchasing an additional 2,180 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in H&R Block were worth $741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hanseatic Management Services Inc. purchased a new position in shares of H&R Block in the 3rd quarter worth about $36,000. Quadrant Capital Group LLC boosted its holdings in H&R Block by 56.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 955 shares of the company’s stock valued at $41,000 after acquiring an additional 346 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in H&R Block during the 3rd quarter valued at about $43,000. Ronald Blue Trust Inc. boosted its holdings in H&R Block by 77.9% during the 4th quarter. Ronald Blue Trust Inc. now owns 2,080 shares of the company’s stock valued at $89,000 after acquiring an additional 911 shares during the period. Finally, Accurate Wealth Management LLC purchased a new stake in H&R Block during the 4th quarter valued at about $85,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on H&R Block from $25.00 to $28.00 and gave the company a “sell” rating in a report on Wednesday, February 8th. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Friday. Finally, Barrington Research lowered their price target on H&R Block from $48.00 to $42.00 in a research report on Wednesday, May 10th.

H&R Block Price Performance

HRB opened at $29.15 on Tuesday. The business has a 50 day simple moving average of $33.40 and a two-hundred day simple moving average of $37.11. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.64 and a beta of 0.67. H&R Block, Inc. has a one year low of $29.02 and a one year high of $48.76.

H&R Block (NYSE:HRB – Get Rating) last released its quarterly 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). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. H&R Block had a net margin of 13.59% and a negative return on equity of 284.65%. During the same period in the previous year, the company earned $4.11 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that H&R Block, Inc. will post 3.73 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 7th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Tuesday, June 6th. H&R Block’s dividend payout ratio is currently 39.06%.

H&R Block Company Profile

(Get Rating)

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.