JPMorgan Chase & Co. Acquires 25,234 Shares of H&R Block, Inc. (NYSE:HRB)

JPMorgan Chase & Co. boosted its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 3.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 754,287 shares of the company's stock after purchasing an additional 25,234 shares during the quarter. JPMorgan Chase & Co. owned about 0.55% of H&R Block worth $47,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HRB. Point72 Asset Management L.P. bought a new stake in shares of H&R Block during the 3rd quarter worth $1,821,000. Algert Global LLC lifted its position in H&R Block by 413.1% during the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company's stock worth $4,583,000 after acquiring an additional 58,057 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $313,735,000 after acquiring an additional 255,354 shares during the period. Caxton Associates LP grew its position in shares of H&R Block by 280.5% in the second quarter. Caxton Associates LP now owns 39,497 shares of the company's stock valued at $2,142,000 after purchasing an additional 29,117 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of H&R Block by 156.3% in the second quarter. NewEdge Advisors LLC now owns 29,220 shares of the company's stock worth $1,585,000 after purchasing an additional 17,818 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

Analysts Set New Price Targets

Separately, Barrington Research restated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, November 8th.

H&R Block Stock Performance

NYSE:HRB traded up $0.74 during trading hours on Friday, hitting $53.83. 853,484 shares of the company traded hands, compared to its average volume of 855,742. 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 has a market capitalization of $7.38 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.86 and a beta of 0.69. The firm has a 50-day moving average of $57.37 and a 200 day moving average of $58.75. H&R Block, Inc. has a twelve month low of $42.28 and a twelve month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million for the quarter, compared to analyst estimates of $188.78 million. During the same period in the prior year, the company posted ($1.05) EPS. On average, analysts forecast that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, December 5th. H&R Block's payout ratio is presently 36.59%.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.