Oak Thistle LLC Makes New $1.61 Million Investment in H&R Block, Inc. (NYSE:HRB)

Oak Thistle LLC bought a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,527 shares of the company's stock, valued at approximately $1,613,000.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in 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 buying an additional 255,354 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in H&R Block by 52.2% in 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in H&R Block by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,484,417 shares of the company's stock valued at $134,726,000 after purchasing an additional 23,792 shares during the last quarter. AQR Capital Management LLC grew its stake in 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 in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in H&R Block by 1,630.9% during the 3rd 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 during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

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 note on Friday, November 8th.

H&R Block Stock Up 1.2 %

Shares of H&R Block stock traded up $0.64 during trading on Wednesday, reaching $55.48. The company had a trading volume of 856,074 shares, compared to its average volume of 1,040,100. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The firm's fifty day moving average is $56.51 and its 200-day moving average is $58.78. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The firm had revenue of $193.81 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned ($1.05) EPS. On average, analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. H&R Block's dividend payout ratio is currently 36.59%.

H&R Block Company 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.