Retirement Systems of Alabama Purchases 57,219 Shares of H&R Block, Inc. (NYSE:HRB)

Retirement Systems of Alabama raised its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 384,026 shares of the company's stock after buying an additional 57,219 shares during the quarter. Retirement Systems of Alabama owned about 0.28% of H&R Block worth $20,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of H&R Block during the 3rd quarter worth approximately $25,000. Endeavor Private Wealth Inc. acquired a new stake in shares of H&R Block during the 4th quarter worth approximately $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block during the 4th quarter worth approximately $28,000. Bogart Wealth LLC raised its position in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company's stock worth $30,000 after purchasing an additional 400 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in H&R Block in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.14% of the company's stock.

Analysts Set New Price Targets

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

H&R Block Stock Down 0.1 %

Shares of HRB stock traded down $0.08 on Monday, reaching $53.15. 410,555 shares of the company's stock traded hands, compared to its average volume of 1,166,296. H&R Block, Inc. has a 12-month low of $45.64 and a 12-month high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73. The company has a market capitalization of $7.28 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69. The business's 50 day moving average price is $54.74 and its two-hundred day moving average price is $58.71.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results 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%. On average, equities analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.82%. H&R Block's payout ratio is 41.32%.

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.