Vanguard Group Inc. Buys 35,945 Shares of H&R Block, Inc. (NYSE:HRB)

Vanguard Group Inc. raised its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,253,276 shares of the company's stock after buying an additional 35,945 shares during the period. Vanguard Group Inc. owned 10.40% of H&R Block worth $753,143,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Stevens Capital Management LP bought a new stake in H&R Block during the 4th quarter worth approximately $214,000. LPL Financial LLC boosted its stake in H&R Block by 34.4% in the fourth quarter. LPL Financial LLC now owns 98,592 shares of the company's stock worth $5,210,000 after purchasing an additional 25,215 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of H&R Block during the fourth quarter worth $3,184,000. Sei Investments Co. increased its stake in shares of H&R Block by 10.1% in the fourth quarter. Sei Investments Co. now owns 371,743 shares of the company's stock valued at $19,643,000 after buying an additional 34,089 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of H&R Block by 14.6% in the fourth quarter. TD Private Client Wealth LLC now owns 6,961 shares of the company's stock valued at $368,000 after buying an additional 885 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Trading Up 0.6 %

Shares of HRB stock traded up $0.33 on Thursday, reaching $56.98. 1,663,657 shares of the stock were exchanged, compared to its average volume of 1,296,041. 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, Inc. has a one year low of $45.87 and a one year high of $68.45. The stock has a market cap of $7.63 billion, a PE ratio of 15.70, a P/E/G ratio of 0.80 and a beta of 0.65. The stock has a 50 day moving average price of $53.44 and a 200 day moving average price of $56.72.

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H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share 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 research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.63%. H&R Block's dividend payout ratio is currently 41.32%.

Wall Street Analyst Weigh In

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

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.