9,677 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,677 shares of the company's stock, valued at approximately $511,000.

Other hedge funds also recently modified their holdings of the company. Eastern Bank bought a new position in shares of H&R Block during the third quarter worth about $25,000. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management bought a new position in H&R Block in the fourth quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the fourth quarter valued at approximately $29,000. Finally, Bogart Wealth LLC increased its position in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company's stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Stock Up 0.5 %

Shares of NYSE:HRB traded up $0.25 during trading on Friday, hitting $52.67. 630,666 shares of the company were exchanged, compared to its average volume of 1,172,021. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The firm has a fifty day moving average price of $53.85 and a two-hundred day moving average price of $58.39. 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 (NYSE:HRB - Get Free Report) last posted 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 negative return on equity of 179.15% and a net margin of 14.71%. As a group, research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's payout ratio is presently 41.32%.

Analyst Ratings Changes

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

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.