Charles Schwab Investment Management Inc. Increases Stake in H&R Block, Inc. (NYSE:HRB)

Charles Schwab Investment Management Inc. lifted its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,219,462 shares of the company's stock after buying an additional 282,633 shares during the period. Charles Schwab Investment Management Inc. owned about 3.81% of H&R Block worth $275,796,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block during the fourth quarter worth approximately $27,000. Spire Wealth Management purchased a new position in H&R Block in the 4th quarter worth $28,000. Darwin Wealth Management LLC bought a new stake in H&R Block in the third quarter worth $34,000. Newbridge Financial Services Group Inc. purchased a new stake in H&R Block during the fourth quarter valued at about $29,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in H&R Block during the third quarter valued at about $40,000. Institutional investors own 90.14% of the company's stock.

Analyst Upgrades and Downgrades

HRB has been the topic of several analyst reports. StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th.

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H&R Block Trading Up 4.6 %

HRB traded up $2.42 during trading on Friday, hitting $55.52. 1,575,479 shares of the stock traded hands, compared to its average volume of 1,227,293. The firm has a market capitalization of $7.43 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month 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 firm has a 50-day moving average of $53.66 and a 200 day moving average of $58.01.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.70%. H&R Block's dividend payout ratio is presently 41.32%.

About H&R Block

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.