LGT Fund Management Co Ltd. Takes $2.38 Million Position in H&R Block, Inc. (NYSE:HRB)

LGT Fund Management Co Ltd. purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,020 shares of the company's stock, valued at approximately $2,379,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp purchased a new position in shares of H&R Block in the 4th quarter valued at $25,552,000. Pacer Advisors Inc. increased its holdings in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock valued at $144,527,000 after purchasing an additional 476,892 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in H&R Block by 5.5% in 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 purchasing an additional 255,354 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of H&R Block by 105.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company's stock worth $24,999,000 after purchasing an additional 243,100 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in shares of H&R Block in the fourth quarter worth about $10,230,000. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HRB has been the topic of several recent research reports. StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research reiterated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th.

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H&R Block Stock Up 1.6 %

Shares of NYSE HRB traded up $0.83 during midday trading on Thursday, reaching $53.05. 1,301,975 shares of the company's stock were exchanged, compared to its average volume of 1,219,183. The stock has a market capitalization of $7.10 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week 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 business's fifty day moving average price is $53.68 and its two-hundred day moving average price is $58.22.

H&R Block (NYSE:HRB - Get Free Report) last released its 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%. Analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, March 4th. H&R Block's payout ratio is currently 41.32%.

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.