Zacks Investment Management Acquires 5,870 Shares of H&R Block, Inc. (NYSE:HRB)

Zacks Investment Management increased its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,774 shares of the company's stock after purchasing an additional 5,870 shares during the quarter. Zacks Investment Management's holdings in H&R Block were worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block during the fourth quarter valued at approximately $27,000. Spire Wealth Management bought a new position in H&R Block in the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block in the 4th quarter worth about $29,000. GAMMA Investing LLC boosted its stake in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock valued at $44,000 after buying an additional 289 shares during the period. Institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the transaction, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This represents a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

H&R Block Stock Down 0.4 %

Shares of H&R Block stock traded down $0.27 during trading on Thursday, hitting $59.11. The company's stock had a trading volume of 400,042 shares, compared to its average volume of 1,560,463. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The company has a fifty day simple moving average of $55.03 and a two-hundred day simple moving average of $56.25. The company has a market capitalization of $7.91 billion, a PE ratio of 16.28, a P/E/G ratio of 0.80 and a beta of 0.39.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.54%. H&R Block's payout ratio is presently 41.32%.

H&R Block Company 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.