H&R Block, Inc. (NYSE:HRB) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 1,341.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 181,409 shares of the company's stock after purchasing an additional 168,821 shares during the period. Intech Investment Management LLC owned 0.13% of H&R Block worth $9,586,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Kennondale Capital Management LLC purchased a new position in H&R Block during the 4th quarter valued at about $157,000. Axxcess Wealth Management LLC grew its position in shares of H&R Block by 7.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,846 shares of the company's stock worth $203,000 after buying an additional 274 shares during the last quarter. Harbour Investments Inc. grew its position in shares of H&R Block by 1,552.2% in the 4th quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock worth $80,000 after buying an additional 1,428 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of H&R Block by 15.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,485 shares of the company's stock worth $501,000 after buying an additional 1,290 shares during the last quarter. Finally, Aurora Investment Counsel purchased a new position in shares of H&R Block in the 4th quarter worth approximately $2,969,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HRB. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th.

Remove Ads

H&R Block Stock Performance

NYSE:HRB traded up $0.06 during trading hours on Friday, hitting $52.46. 11,809,521 shares of the company were exchanged, compared to its average volume of 1,235,809. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 14.45, 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. The company's 50 day moving average price is $53.42 and its 200-day moving average price is $57.24.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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%. As a group, research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, March 4th. 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.