Blueshift Asset Management LLC Buys New Shares in H&R Block, Inc. (NYSE:HRB)

Blueshift Asset Management LLC purchased a new position in H&R Block, Inc. (NYSE:HRB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,081 shares of the company's stock, valued at approximately $903,000.

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

H&R Block Price Performance

HRB stock traded up $0.68 on Monday, reaching $53.17. The company had a trading volume of 1,889,039 shares, compared to its average volume of 1,239,623. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The company's fifty day moving average is $53.39 and its 200 day moving average is $57.08. The company has a market cap of $7.12 billion, a P/E ratio of 14.65, a PEG ratio of 0.80 and a beta of 0.65.

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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 (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, research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 yield of 2.82%. H&R Block's dividend payout ratio (DPR) is currently 41.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HRB. StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and issued 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.