Skandinaviska Enskilda Banken AB publ Purchases 119,200 Shares of H&R Block, Inc. (NYSE:HRB)

Skandinaviska Enskilda Banken AB publ lifted its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 46.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,600 shares of the company's stock after purchasing an additional 119,200 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.27% of H&R Block worth $19,532,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the fourth quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in H&R Block in the third quarter worth about $34,000. Finally, GAMMA Investing LLC raised its stake in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HRB has been the subject of a number of research reports. Barrington Research reissued an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.

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H&R Block Trading Down 0.2 %

HRB stock traded down $0.09 during trading on Tuesday, reaching $52.04. The company had a trading volume of 1,586,782 shares, compared to its average volume of 1,311,951. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The business has a 50 day moving average of $53.54 and a 200 day moving average of $57.47. The company has a market cap of $6.97 billion, a P/E ratio of 14.34, 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 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%. As a group, sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently announced 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Tuesday, March 4th. H&R Block's dividend payout ratio 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.