59,900 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in H&R Block, Inc. (NYSE:HRB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 59,900 shares of the company's stock, valued at approximately $3,184,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HRB. Sei Investments Co. raised its stake in shares of H&R Block by 10.1% during the 4th quarter. Sei Investments Co. now owns 371,743 shares of the company's stock valued at $19,643,000 after purchasing an additional 34,089 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of H&R Block by 14.6% in the fourth quarter. TD Private Client Wealth LLC now owns 6,961 shares of the company's stock worth $368,000 after buying an additional 885 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of H&R Block in the fourth quarter valued at approximately $903,000. Lindenwold Advisors INC grew its stake in H&R Block by 26.5% during the fourth quarter. Lindenwold Advisors INC now owns 6,985 shares of the company's stock valued at $369,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Xponance Inc. grew its stake in H&R Block by 4.2% during the fourth quarter. Xponance Inc. now owns 19,655 shares of the company's stock valued at $1,039,000 after acquiring an additional 784 shares in the last quarter. Institutional investors own 90.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HRB. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.

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H&R Block Price Performance

HRB traded up $0.17 during trading on Friday, reaching $54.12. The stock had a trading volume of 923,997 shares, compared to its average volume of 1,288,030. The business has a 50-day moving average of $53.26 and a 200-day moving average of $56.82. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $7.24 billion, a PE ratio of 14.91, a PEG ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.77%. H&R Block's payout ratio is 41.32%.

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.