C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $818,000 Position in H&R Block, Inc. (NYSE:HRB)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,477 shares of the company's stock, valued at approximately $818,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock valued at $313,735,000 after purchasing an additional 255,354 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock valued at $144,527,000 after purchasing an additional 476,892 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in H&R Block by 13.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company's stock worth $46,748,000 after buying an additional 107,450 shares in the last quarter. JPMorgan Chase & Co. increased its stake in H&R Block by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company's stock worth $47,935,000 after buying an additional 25,234 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in H&R Block by 29.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company's stock worth $44,364,000 after buying an additional 156,856 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Price Performance

Shares of HRB stock traded up $0.29 during trading hours on Monday, reaching $52.62. The company had a trading volume of 1,219,215 shares, compared to its average volume of 1,171,457. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73. The stock has a fifty day moving average of $54.09 and a 200-day moving average of $58.50. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.82 and a beta of 0.69. H&R Block, Inc. has a 12-month low of $45.64 and a 12-month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings results 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 net margin of 14.71% and a negative return on equity of 179.15%. On average, equities analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Tuesday, March 4th. H&R Block's dividend payout ratio is presently 41.32%.

Wall Street Analyst Weigh In

Several research firms have commented on HRB. StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday. Barrington Research reiterated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th.

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.