Proficio Capital Partners LLC Invests $2.08 Million in 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 disclosure with the SEC. The institutional investor bought 39,366 shares of the company's stock, valued at approximately $2,080,000.

Other institutional investors also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new stake in H&R Block during the 4th quarter valued at about $27,000. Spire Wealth Management purchased a new stake in H&R Block during the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in H&R Block during the 4th quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new stake in H&R Block during the 3rd quarter valued at about $34,000. Finally, GAMMA Investing LLC grew 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 valued at $35,000 after purchasing an additional 258 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Performance

Shares of NYSE HRB traded up $2.42 during trading on Friday, reaching $55.52. 1,575,479 shares of the company traded hands, compared to its average volume of 1,227,293. The firm has a 50 day simple moving average of $53.66 and a 200-day simple moving average of $58.01. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market capitalization of $7.43 billion, a PE ratio of 15.30, a P/E/G ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45.

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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 (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 earnings per share for the current 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, March 4th. H&R Block's payout ratio is presently 41.32%.

Wall Street Analysts Forecast Growth

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

About H&R Block

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.