New Age Alpha Advisors LLC Makes New $1.64 Million Investment in H&R Block, Inc. (NYSE:HRB)

New Age Alpha Advisors LLC bought a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,111 shares of the company's stock, valued at approximately $1,644,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HRB. Endeavor Private Wealth Inc. bought a new position in H&R Block in the 4th quarter valued at $27,000. Spire Wealth Management bought a new position in H&R Block during the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in H&R Block during the fourth quarter worth about $29,000. GAMMA Investing LLC raised its position in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after acquiring an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock valued at $44,000 after acquiring an additional 289 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on HRB. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. 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.

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H&R Block Stock Performance

Shares of NYSE HRB traded down $1.27 during midday trading on Friday, hitting $55.64. The company's stock had a trading volume of 2,133,874 shares, compared to its average volume of 1,301,965. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 0.80 and a beta of 0.65. 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 has a fifty day moving average price of $53.50 and a 200 day moving average price of $56.66. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45.

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%. On average, research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.70%. H&R Block's dividend 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.