Diversified Trust Co Takes Position in H&R Block, Inc. (NYSE:HRB)

Diversified Trust Co purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,571 shares of the company's stock, valued at approximately $559,000.

A number of other large investors have also recently bought and sold shares of HRB. Commonwealth Equity Services LLC grew its holdings in shares of H&R Block by 48.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,680 shares of the company's stock valued at $1,447,000 after acquiring an additional 8,671 shares in the last quarter. National Bank of Canada FI increased its position in shares of H&R Block by 147.2% during the 2nd quarter. National Bank of Canada FI now owns 6,248 shares of the company's stock worth $342,000 after purchasing an additional 3,721 shares during the last quarter. Caprock Group LLC acquired a new position in shares of H&R Block during the 2nd quarter worth approximately $281,000. Quest Partners LLC raised its stake in shares of H&R Block by 2,756.0% during the 2nd quarter. Quest Partners LLC now owns 714 shares of the company's stock worth $39,000 after purchasing an additional 689 shares in the last quarter. Finally, Choreo LLC boosted its holdings in shares of H&R Block by 94.6% in the 2nd quarter. Choreo LLC now owns 16,734 shares of the company's stock valued at $916,000 after buying an additional 8,134 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday, November 8th.

H&R Block Stock Performance

Shares of NYSE HRB traded down $0.63 during midday trading on Friday, hitting $53.69. 1,205,833 shares of the company's stock were exchanged, compared to its average volume of 1,071,471. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm has a market capitalization of $7.36 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The company's 50 day moving average price is $56.75 and its 200 day moving average price is $58.73.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same quarter in the prior year, the firm earned ($1.05) earnings per share. As a group, analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block's dividend payout ratio is presently 36.59%.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.