Wealthfront Advisers LLC Grows Stock Position in H&R Block, Inc. (NYSE:HRB)

Wealthfront Advisers LLC increased its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 143.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,716 shares of the company's stock after acquiring an additional 28,082 shares during the period. Wealthfront Advisers LLC's holdings in H&R Block were worth $2,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Endeavor Private Wealth Inc. acquired a new stake in H&R Block in the fourth quarter valued at $27,000. Spire Wealth Management acquired a new stake in H&R Block in the fourth quarter valued at $28,000. Newbridge Financial Services Group Inc. acquired a new stake in H&R Block in the fourth quarter valued at $29,000. Darwin Wealth Management LLC acquired a new stake in H&R Block in the third quarter valued at $34,000. Finally, GAMMA Investing LLC grew its holdings in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analyst Weigh In

HRB has been the topic of several research reports. 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 target price on shares of H&R Block in a report on Wednesday, February 5th.

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H&R Block Price Performance

Shares of NYSE:HRB traded up $0.80 on Wednesday, hitting $52.85. The company had a trading volume of 1,807,752 shares, compared to its average volume of 1,192,425. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. 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 $53.51 and a 200 day moving average of $57.39. The company has a market cap of $7.07 billion, a PE ratio of 14.56, a PEG ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB - Get Free Report) last issued 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 net margin of 14.71% and a negative return on equity of 179.15%. As a group, equities analysts anticipate 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. Investors of record on Tuesday, March 4th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.84%. H&R Block's dividend payout ratio (DPR) is presently 41.32%.

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.