Raymond James Financial Inc. Makes New Investment in H&R Block, Inc. (NYSE:HRB)

Raymond James Financial Inc. bought a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 202,973 shares of the company's stock, valued at approximately $10,725,000. Raymond James Financial Inc. owned about 0.15% of H&R Block as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Trust Walden Corp bought a new position in H&R Block during the fourth quarter worth $25,552,000. Pacer Advisors Inc. increased its holdings in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after purchasing an additional 476,892 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of H&R Block by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock worth $275,796,000 after purchasing an additional 282,633 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of H&R Block by 105.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company's stock valued at $24,999,000 after buying an additional 243,100 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new stake in shares of H&R Block in the fourth quarter valued at about $10,230,000. 90.14% of the stock is owned by institutional investors.

H&R Block Price Performance

Shares of H&R Block stock traded up $0.68 during trading on Monday, hitting $53.17. 1,889,039 shares of the company's stock traded hands, compared to its average volume of 1,239,623. The company has a market cap of $7.12 billion, a PE ratio of 14.65, a PEG ratio of 0.80 and a beta of 0.65. The firm's fifty day moving average price is $53.42 and its 200 day moving average price is $57.15. 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.

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H&R Block (NYSE:HRB - Get Free Report) last released 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%. Analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.82%. H&R Block's dividend payout ratio is currently 41.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HRB shares. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research restated an "outperform" rating and set a $70.00 price objective 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.