36,536 Shares in H&R Block, Inc. (NYSE:HRB) Purchased by Strategic Financial Concepts LLC

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

A number of other large investors have also modified their holdings of the business. Measured Wealth Private Client Group LLC grew its holdings in shares of H&R Block by 2.7% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 22,391 shares of the company's stock worth $1,183,000 after acquiring an additional 581 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of H&R Block by 26.8% in the 4th quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company's stock worth $3,097,000 after acquiring an additional 12,390 shares during the period. Choreo LLC grew its holdings in shares of H&R Block by 4.5% in the 4th quarter. Choreo LLC now owns 20,527 shares of the company's stock worth $1,084,000 after acquiring an additional 892 shares during the period. Tectonic Advisors LLC grew its holdings in H&R Block by 12.2% during the 4th quarter. Tectonic Advisors LLC now owns 120,808 shares of the company's stock valued at $6,383,000 after buying an additional 13,090 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in H&R Block by 17.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,800 shares of the company's stock valued at $5,439,000 after buying an additional 15,379 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Trading Up 0.5 %

Shares of HRB stock traded up $0.29 during mid-day trading on Friday, hitting $52.62. 1,219,215 shares of the company's stock were exchanged, compared to its average volume of 1,183,164. H&R Block, Inc. has a fifty-two week low of $45.64 and a fifty-two week high of $68.45. The stock has a 50-day simple moving average of $54.16 and a two-hundred day simple moving average of $58.53. The company has a quick ratio of 0.77, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.82 and a beta of 0.69.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. Equities analysts expect that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's dividend payout ratio (DPR) is currently 41.32%.

Analyst Ratings Changes

A number of brokerages have commented on HRB. Barrington Research reiterated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a report on Thursday.

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.