Alberta Investment Management Corp Buys 30,100 Shares of H&R Block, Inc. (NYSE:HRB)

Alberta Investment Management Corp lifted its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 50.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,000 shares of the company's stock after purchasing an additional 30,100 shares during the quarter. Alberta Investment Management Corp owned approximately 0.07% of H&R Block worth $4,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Eastern Bank acquired a new stake in H&R Block in the 3rd quarter valued at $25,000. Bogart Wealth LLC boosted its stake in H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company's stock valued at $30,000 after buying an additional 400 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in H&R Block in the 4th quarter valued at $27,000. Spire Wealth Management acquired a new stake in H&R Block in the 4th quarter valued at $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in H&R Block in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research reiterated an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Price Performance

HRB traded up $0.29 during trading on Friday, hitting $52.71. The company's stock had a trading volume of 630,666 shares, compared to its average volume of 1,172,021. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The firm's 50 day moving average price is $53.85 and its two-hundred day moving average price is $58.39.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. Sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

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

H&R Block Company 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.