Ontario Teachers Pension Plan Board Buys 10,488 Shares of H&R Block, Inc. (NYSE:HRB)

Ontario Teachers Pension Plan Board grew its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 75.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,457 shares of the company's stock after acquiring an additional 10,488 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in H&R Block were worth $1,292,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the sale, the chief executive officer now directly owns 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company's stock.

H&R Block Stock Performance

Shares of NYSE HRB traded up $0.00 during midday trading on Friday, hitting $63.03. 2,141,849 shares of the company's stock were exchanged, compared to its average volume of 1,347,916. H&R Block, Inc. has a twelve month low of $45.87 and a twelve 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 0.73. The firm has a market cap of $8.44 billion, a P/E ratio of 17.36, a PEG ratio of 0.80 and a beta of 0.39. The stock's 50 day moving average price is $54.58 and its 200-day moving average price is $56.31.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) 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%. Equities research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Tuesday, March 4th. H&R Block's payout ratio is 41.32%.

Analyst Ratings Changes

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

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.