Illinois Municipal Retirement Fund Has $2.21 Million Stake in H&R Block, Inc. (NYSE:HRB)

Illinois Municipal Retirement Fund increased its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,801 shares of the company's stock after buying an additional 9,373 shares during the quarter. Illinois Municipal Retirement Fund's holdings in H&R Block were worth $2,209,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block during the fourth quarter valued at $27,000. Spire Wealth Management bought a new position in H&R Block in the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the 4th quarter valued at about $29,000. Darwin Wealth Management LLC acquired a new position in H&R Block during the 3rd quarter valued at about $34,000. Finally, GAMMA Investing LLC raised its position in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Down 1.7 %

NYSE HRB traded down $0.94 on Monday, reaching $53.57. The stock had a trading volume of 1,310,464 shares, compared to its average volume of 1,197,294. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The business has a 50 day moving average price of $53.73 and a 200 day moving average price of $58.33. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 0.80 and a beta of 0.69.

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H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results 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%. On average, analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.80%. H&R Block's dividend payout ratio (DPR) is 41.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com downgraded 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 set a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th.

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.