GAMMA Investing LLC increased its position in H&R Block, Inc. (NYSE:HRB – Free Report) by 64.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 658 shares of the company’s stock after acquiring an additional 258 shares during the period. GAMMA Investing LLC’s holdings in H&R Block were worth $35,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in HRB. Pacer Advisors Inc. lifted its position in H&R Block by 52.2% during the second quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock valued at $148,492,000 after purchasing an additional 939,270 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of H&R Block by 1,630.9% in the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock worth $49,395,000 after purchasing an additional 732,359 shares in the last quarter. AQR Capital Management LLC raised its position in shares of H&R Block by 39.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company’s stock valued at $115,418,000 after purchasing an additional 606,250 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after acquiring an additional 255,354 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of H&R Block by 29.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock valued at $44,364,000 after acquiring an additional 156,856 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Friday, November 8th.
H&R Block Stock Performance
Shares of NYSE:HRB opened at $54.83 on Wednesday. The firm has a fifty day simple moving average of $56.63 and a two-hundred day simple moving average of $58.78. 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 stock has a market capitalization of $7.51 billion, a P/E ratio of 13.37, a PEG ratio of 0.86 and a beta of 0.69. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45.
H&R Block (NYSE:HRB – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million for the quarter, compared to the consensus estimate 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 firm posted ($1.05) EPS. On average, analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.
H&R Block Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block’s dividend payout ratio is currently 36.59%.
H&R Block Profile
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.
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