Martingale Asset Management L P Increases Stake in H&R Block, Inc. (NYSE:HRB)

Martingale Asset Management L P grew its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 620.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,225 shares of the company's stock after acquiring an additional 25,166 shares during the quarter. Martingale Asset Management L P's holdings in H&R Block were worth $1,544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake in H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock worth $225,000 after purchasing an additional 222 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in H&R Block by 26.8% in the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company's stock worth $3,097,000 after acquiring an additional 12,390 shares during the period. Charles Schwab Investment Management Inc. increased its position in H&R Block by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock valued at $275,796,000 after purchasing an additional 282,633 shares during the period. Raymond James Financial Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at about $10,725,000. Finally, Merit Financial Group LLC bought a new position in shares of H&R Block during the fourth quarter valued at approximately $362,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Remove Ads

H&R Block Stock Up 1.3 %

NYSE HRB traded up $0.76 during trading on Tuesday, hitting $61.51. The company's stock had a trading volume of 2,046,832 shares, compared to its average volume of 1,333,167. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week 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 company has a market cap of $8.23 billion, a PE ratio of 16.94, a P/E/G ratio of 0.80 and a beta of 0.39. The business's 50 day simple moving average is $53.81 and its 200-day simple moving average is $56.23.

H&R Block (NYSE:HRB - Get Free Report) last posted 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 negative return on equity of 179.15% and a net margin of 14.71%. On average, equities analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were given a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.44%. H&R Block's dividend payout ratio is currently 41.32%.

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.