Commonwealth Equity Services LLC Purchases 10,113 Shares of H&R Block, Inc. (NYSE:HRB)

Commonwealth Equity Services LLC grew its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 39.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,006 shares of the company's stock after purchasing an additional 10,113 shares during the quarter. Commonwealth Equity Services LLC's holdings in H&R Block were worth $1,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Endeavor Private Wealth Inc. bought a new position in H&R Block in the 4th quarter worth $27,000. Spire Wealth Management purchased a new stake in H&R Block in the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of H&R Block in the fourth quarter worth about $29,000. GAMMA Investing LLC lifted its position 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 buying an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of H&R Block by 52.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock valued at $44,000 after acquiring an additional 289 shares during the period. Institutional investors own 90.14% of the company's stock.

H&R Block Price Performance

Shares of NYSE:HRB traded up $0.33 during trading on Wednesday, hitting $56.66. 1,868,432 shares of the company's stock were exchanged, compared to its average volume of 1,292,669. The business's 50-day simple moving average is $53.35 and its 200 day simple moving average is $56.71. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.80 and a beta of 0.65. 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 current ratio of 0.73 and a quick ratio of 0.73.

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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 (EPS) 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%. As a group, equities analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's dividend payout ratio (DPR) is presently 41.32%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barrington Research restated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th.

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.