NewEdge Wealth LLC Raises Stock Holdings in H&R Block, Inc. (NYSE:HRB)

NewEdge Wealth LLC lifted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,095,712 shares of the company's stock after purchasing an additional 113,216 shares during the quarter. H&R Block comprises about 1.0% of NewEdge Wealth LLC's portfolio, making the stock its 16th largest holding. NewEdge Wealth LLC owned about 0.80% of H&R Block worth $57,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in H&R Block in the 4th quarter worth approximately $27,000. Spire Wealth Management acquired a new position in H&R Block in the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. acquired a new position in H&R Block in the 4th quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in H&R Block in the 3rd quarter worth approximately $34,000. Finally, GAMMA Investing LLC increased its holdings in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HRB shares. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Barrington Research reaffirmed 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 Price Performance

H&R Block stock traded up $1.11 during trading on Friday, reaching $54.46. The company had a trading volume of 1,264,892 shares, compared to its average volume of 1,197,100. The firm's 50-day simple moving average is $53.73 and its 200 day simple moving average is $58.32. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The firm has a market capitalization of $7.29 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.80 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data 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 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 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.75%. H&R Block's dividend payout ratio is presently 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.