Strategic Financial Concepts LLC Invests $1.93 Million in H&R Block, Inc. (NYSE:HRB)

Strategic Financial Concepts LLC acquired a new stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,536 shares of the company's stock, valued at approximately $1,931,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Securities Inc. raised its position in shares of H&R Block by 17.2% during the 4th quarter. Principal Securities Inc. now owns 9,104 shares of the company's stock worth $481,000 after purchasing an additional 1,338 shares during the period. Blue Trust Inc. grew its holdings in H&R Block by 23.9% in the 4th quarter. Blue Trust Inc. now owns 6,792 shares of the company's stock worth $359,000 after buying an additional 1,310 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in H&R Block in the 4th quarter worth approximately $818,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the 4th quarter worth approximately $29,000. Finally, Empirical Finance LLC bought a new position in H&R Block in the 4th quarter worth approximately $462,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HRB. StockNews.com lowered 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 report on Wednesday, February 5th.

H&R Block Price Performance

NYSE HRB traded down $0.13 on Friday, reaching $52.29. 1,327,178 shares of the stock traded hands, compared to its average volume of 1,193,817. The firm's fifty day simple moving average is $53.78 and its 200 day simple moving average is $58.37. 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 company has a market cap of $7.00 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45.

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 (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%. As a group, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently declared 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 yield of 2.87%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's payout ratio is currently 41.32%.

H&R Block Company 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.