Sei Investments Co. Increases Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Sei Investments Co. grew its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,743 shares of the company's stock after acquiring an additional 34,089 shares during the quarter. Sei Investments Co. owned 0.27% of H&R Block worth $19,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC raised its position in H&R Block by 14.6% during the fourth quarter. TD Private Client Wealth LLC now owns 6,961 shares of the company's stock valued at $368,000 after purchasing an additional 885 shares during the period. Blueshift Asset Management LLC purchased a new stake in H&R Block during the 4th quarter valued at $903,000. Lindenwold Advisors INC lifted its position in H&R Block by 26.5% in the fourth quarter. Lindenwold Advisors INC now owns 6,985 shares of the company's stock worth $369,000 after buying an additional 1,462 shares during the last quarter. Xponance Inc. boosted its stake in H&R Block by 4.2% during the fourth quarter. Xponance Inc. now owns 19,655 shares of the company's stock worth $1,039,000 after buying an additional 784 shares during the period. Finally, Boston Partners grew its holdings in H&R Block by 58.5% during the 4th quarter. Boston Partners now owns 4,500,552 shares of the company's stock valued at $237,814,000 after purchasing an additional 1,660,319 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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H&R Block Stock Performance

Shares of NYSE HRB traded up $1.43 during mid-day trading on Tuesday, hitting $56.34. The stock had a trading volume of 1,060,856 shares, compared to its average volume of 1,288,487. The company has a 50 day moving average of $53.28 and a two-hundred day moving average of $56.71. 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 quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $7.54 billion, a PE ratio of 15.52, a PEG ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate 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%. Research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 2.66%. H&R Block's dividend payout ratio (DPR) is 41.32%.

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.