Proficio Capital Partners LLC Buys Shares of 39,366 H&R Block, Inc. (NYSE:HRB)

Proficio Capital Partners LLC bought a new position in H&R Block, Inc. (NYSE:HRB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 39,366 shares of the company's stock, valued at approximately $2,080,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HRB. Charles Schwab Investment Management Inc. increased its position in shares of H&R Block by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock worth $275,796,000 after acquiring an additional 282,633 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of H&R Block by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after acquiring an additional 476,892 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of H&R Block by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,684,738 shares of the company's stock worth $89,022,000 after acquiring an additional 47,920 shares in the last quarter. NewEdge Wealth LLC increased its position in shares of H&R Block by 11.5% in the fourth quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company's stock worth $57,897,000 after acquiring an additional 113,216 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of H&R Block by 13.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company's stock worth $46,748,000 after acquiring an additional 107,450 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

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H&R Block Stock Up 0.1 %

HRB traded up $0.06 on Friday, reaching $52.46. 11,809,521 shares of the company traded hands, compared to its average volume of 1,237,015. The stock's 50 day moving average price is $53.42 and its 200-day moving average price is $57.20. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.80 and a beta of 0.65. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick 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) 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, sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's payout ratio is presently 41.32%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HRB. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research reissued an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

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.