Ibex Wealth Advisors Buys Shares of 193,608 H&R Block, Inc. (NYSE:HRB)

Ibex Wealth Advisors bought a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 193,608 shares of the company's stock, valued at approximately $10,230,000. H&R Block makes up 1.2% of Ibex Wealth Advisors' portfolio, making the stock its 20th largest position. Ibex Wealth Advisors owned 0.14% of H&R Block at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in H&R Block during the third quarter valued at approximately $1,821,000. Algert Global LLC lifted its position in H&R Block by 413.1% in the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company's stock worth $4,583,000 after buying an additional 58,057 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after acquiring an additional 255,354 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of H&R Block by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company's stock worth $47,935,000 after acquiring an additional 25,234 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of H&R Block in the 4th quarter valued at $362,000. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research note on Monday.

H&R Block Trading Up 1.7 %

HRB stock traded up $0.93 during midday trading on Thursday, hitting $55.47. The company had a trading volume of 1,192,594 shares, compared to its average volume of 1,083,437. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.81 and a beta of 0.69. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock's 50 day moving average price is $55.33 and its 200 day moving average price is $58.76. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The business had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. During the same quarter in the prior year, the business posted ($1.05) earnings per share. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block's dividend payout ratio (DPR) is presently 36.59%.

H&R Block Company 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.