Bank of New York Mellon Corp Purchases 47,920 Shares of H&R Block, Inc. (NYSE:HRB)

Bank of New York Mellon Corp raised its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,684,738 shares of the company's stock after purchasing an additional 47,920 shares during the period. Bank of New York Mellon Corp owned 1.23% of H&R Block worth $89,022,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block during the 4th quarter worth about $27,000. Spire Wealth Management acquired a new position in shares of H&R Block during the fourth quarter worth approximately $28,000. Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block in the fourth quarter valued at approximately $29,000. Darwin Wealth Management LLC acquired a new stake in shares of H&R Block in the third quarter worth $34,000. Finally, GAMMA Investing LLC increased its position in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after acquiring an additional 258 shares during the period. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

Shares of NYSE HRB traded up $0.17 during trading hours on Thursday, reaching $52.39. The stock had a trading volume of 348,649 shares, compared to its average volume of 1,196,240. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The business's fifty day moving average is $53.68 and its two-hundred day moving average is $58.22. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.80 and a beta of 0.69.

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H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate 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, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.86%. H&R Block's payout ratio is presently 41.32%.

Wall Street Analysts Forecast Growth

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

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.