Federated Hermes Inc. Acquires 73,327 Shares of H&R Block, Inc. (NYSE:HRB)

Federated Hermes Inc. raised its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 442.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 89,918 shares of the company's stock after buying an additional 73,327 shares during the period. Federated Hermes Inc. owned about 0.07% of H&R Block worth $4,751,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners boosted its holdings in H&R Block by 58.5% in the fourth quarter. Boston Partners now owns 4,500,552 shares of the company's stock valued at $237,814,000 after acquiring an additional 1,660,319 shares during the last quarter. Norges Bank acquired a new position in H&R Block during the 4th quarter valued at about $57,253,000. Boston Trust Walden Corp bought a new position in shares of H&R Block in the 4th quarter valued at about $25,552,000. Pacer Advisors Inc. grew its position in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after buying an additional 476,892 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of H&R Block by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock worth $275,796,000 after buying an additional 282,633 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Stock Up 1.3 %

HRB stock traded up $0.76 during mid-day trading on Tuesday, hitting $61.51. 2,046,832 shares of the company were exchanged, compared to its average volume of 1,331,495. The firm has a market cap of $8.23 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The firm's 50 day simple moving average is $53.81 and its 200 day simple moving average is $56.23.

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H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results 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, sell-side analysts predict 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. Shareholders of record on Tuesday, March 4th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block's payout ratio is 41.32%.

Wall Street Analysts Forecast Growth

HRB has been the subject of several recent research reports. Barrington Research reiterated 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 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.