15,477 Shares in H&R Block, Inc. (NYSE:HRB) Purchased by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in H&R Block, Inc. (NYSE:HRB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,477 shares of the company's stock, valued at approximately $818,000.

A number of other hedge funds have also modified their holdings of HRB. Boston Trust Walden Corp acquired a new position in shares of H&R Block in the fourth quarter worth $25,552,000. Pacer Advisors Inc. increased its stake in shares of H&R Block by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after acquiring an additional 476,892 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after acquiring an additional 255,354 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of H&R Block by 105.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company's stock worth $24,999,000 after acquiring an additional 243,100 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new position in shares of H&R Block in the fourth quarter worth $10,230,000. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Stock Up 0.5 %

NYSE:HRB traded up $0.25 during trading hours on Friday, reaching $52.67. The company's stock had a trading volume of 630,666 shares, compared to its average volume of 1,172,021. The company has a market cap of $7.05 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 one year low of $45.87 and a one year high of $68.45. The business's 50-day moving average is $53.85 and its 200-day moving average is $58.39. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly 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%. Equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

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

Analyst Ratings Changes

HRB has been the topic of a number of research reports. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research note 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 report 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.