State of Alaska Department of Revenue Grows Holdings in H&R Block, Inc. (NYSE:HRB)

State of Alaska Department of Revenue grew its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 58,628 shares of the company's stock after acquiring an additional 12,390 shares during the quarter. State of Alaska Department of Revenue's holdings in H&R Block were worth $3,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank purchased a new position in H&R Block in the third quarter valued at approximately $25,000. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block in the 4th quarter valued at $27,000. Spire Wealth Management acquired a new stake in H&R Block during the 4th quarter worth $28,000. Bogart Wealth LLC lifted its position in H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company's stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in H&R Block in the third quarter valued at $34,000. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Stock Performance

HRB traded up $0.87 during trading on Thursday, reaching $52.36. The company's stock had a trading volume of 1,115,780 shares, compared to its average volume of 1,181,923. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73. The company's fifty day moving average price is $54.25 and its 200-day moving average price is $58.56. H&R Block, Inc. has a 52-week low of $45.64 and a 52-week high of $68.45. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 179.15% and a net margin of 14.71%. On average, equities analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 2.87%. The ex-dividend date is Tuesday, March 4th. H&R Block's dividend payout ratio is currently 41.32%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HRB. 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. StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday.

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.