LPL Financial LLC Buys 25,215 Shares of H&R Block, Inc. (NYSE:HRB)

LPL Financial LLC raised its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,592 shares of the company's stock after purchasing an additional 25,215 shares during the period. LPL Financial LLC owned 0.07% of H&R Block worth $5,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of HRB. KLP Kapitalforvaltning AS bought a new position in shares of H&R Block during the 4th quarter worth $3,184,000. Sei Investments Co. increased its stake in shares of H&R Block by 10.1% in the fourth quarter. Sei Investments Co. now owns 371,743 shares of the company's stock worth $19,643,000 after purchasing an additional 34,089 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of H&R Block by 14.6% in the fourth quarter. TD Private Client Wealth LLC now owns 6,961 shares of the company's stock valued at $368,000 after purchasing an additional 885 shares during the period. Blueshift Asset Management LLC purchased a new stake in shares of H&R Block during the 4th quarter valued at approximately $903,000. Finally, Lindenwold Advisors INC boosted its holdings in H&R Block by 26.5% in the 4th quarter. Lindenwold Advisors INC now owns 6,985 shares of the company's stock worth $369,000 after buying an additional 1,462 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HRB has been the topic of a number of analyst reports. StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. 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.

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H&R Block Price Performance

H&R Block stock traded up $2.05 during midday trading on Friday, reaching $59.12. 1,922,552 shares of the stock were exchanged, compared to its average volume of 1,325,780. The firm has a market cap of $7.91 billion, a PE ratio of 16.29, a PEG ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The company's fifty day moving average is $53.68 and its 200-day moving average is $56.25. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73.

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 net margin of 14.71% and a negative return on equity of 179.15%. On average, sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.54%. H&R Block's dividend payout ratio (DPR) is 41.32%.

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.