Empowered Funds LLC Raises Position in H&R Block, Inc. (NYSE:HRB)

Empowered Funds LLC boosted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,392 shares of the company's stock after acquiring an additional 70,501 shares during the period. Empowered Funds LLC owned 0.15% of H&R Block worth $10,589,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Eastern Bank bought a new stake in shares of H&R Block in the third quarter valued at approximately $25,000. Endeavor Private Wealth Inc. bought a new position in H&R Block in the 4th quarter worth about $27,000. Spire Wealth Management purchased a new position in shares of H&R Block during the fourth quarter worth about $28,000. Bogart Wealth LLC increased its position in shares of H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company's stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of H&R Block during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Trading Up 1.7 %

Shares of HRB traded up $0.87 during trading hours on Thursday, reaching $52.36. 1,115,780 shares of the company traded hands, compared to its average volume of 1,181,923. H&R Block, Inc. has a 12 month low of $45.64 and a 12 month 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. The company's fifty day moving average price is $54.25 and its two-hundred day moving average price is $58.56. The company has a quick ratio of 0.77, a current ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate 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 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's dividend payout ratio is 41.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barrington Research reissued an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday.

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.