Mirae Asset Global Investments Co. Ltd. Has $5.44 Million Position in H&R Block, Inc. (NYSE:HRB)

Mirae Asset Global Investments Co. Ltd. lifted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,800 shares of the company's stock after purchasing an additional 15,379 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.07% of H&R Block worth $5,439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank acquired a new stake in shares of H&R Block in the third quarter valued at approximately $25,000. Endeavor Private Wealth Inc. acquired a new stake in H&R Block during the 4th quarter worth $27,000. Spire Wealth Management acquired a new stake in H&R Block during the 4th quarter worth $28,000. Bogart Wealth LLC grew its holdings in 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 acquiring an additional 400 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in H&R Block during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com raised shares of H&R Block from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Barrington Research reaffirmed an "outperform" rating and set a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Trading Down 0.4 %

Shares of NYSE HRB traded down $0.19 during midday trading on Tuesday, reaching $52.40. 1,189,025 shares of the stock were exchanged, compared to its average volume of 1,188,649. The business has a 50-day simple moving average of $54.49 and a two-hundred day simple moving average of $58.66. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.82 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $45.64 and a 12 month high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.77.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly 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, equities research analysts expect that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.86%. H&R Block's dividend payout ratio is currently 41.32%.

H&R Block Company 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.