H&R Block, Inc. (NYSE:HRB) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 12.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,050,678 shares of the company's stock after purchasing an additional 232,095 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.50% of H&R Block worth $108,358,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of H&R Block by 58.5% in the fourth quarter. Boston Partners now owns 4,500,552 shares of the company's stock worth $237,814,000 after acquiring an additional 1,660,319 shares in the last quarter. Norges Bank acquired a new position in H&R Block during the 4th quarter worth $57,253,000. Boston Trust Walden Corp acquired a new position in H&R Block during the 4th quarter worth $25,552,000. Pacer Advisors Inc. increased its holdings in H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after purchasing an additional 476,892 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock valued at $275,796,000 after purchasing an additional 282,633 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on HRB shares. Barrington Research reissued an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.

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H&R Block Stock Down 2.2 %

HRB stock traded down $1.27 during trading on Friday, hitting $55.64. 2,133,874 shares of the company's stock were exchanged, compared to its average volume of 1,301,965. The business has a 50-day moving average price of $53.50 and a two-hundred day moving average price of $56.66. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) 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%. As a group, equities research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, March 4th. H&R Block's dividend payout ratio is currently 41.32%.

About H&R Block

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.