Kendall Capital Management Purchases 6,990 Shares of H&R Block, Inc. (NYSE:HRB)

Kendall Capital Management lifted its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,535 shares of the company's stock after purchasing an additional 6,990 shares during the quarter. Kendall Capital Management's holdings in H&R Block were worth $2,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in H&R Block during the fourth quarter worth $27,000. Spire Wealth Management purchased a new position in H&R Block during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block during the fourth quarter worth $29,000. Darwin Wealth Management LLC purchased a new position in H&R Block during the third quarter worth $34,000. Finally, GAMMA Investing LLC boosted its stake in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Trading Down 4.6 %

Shares of HRB traded down $2.55 during trading hours on Tuesday, reaching $53.42. 1,972,050 shares of the company traded hands, compared to its average volume of 1,261,177. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock's fifty day moving average price is $53.75 and its 200 day moving average price is $57.84.

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

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.81%. H&R Block's payout ratio is currently 41.32%.

Analysts Set New Price Targets

Several research analysts have commented on HRB shares. Barrington Research reaffirmed an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.

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.