STA Wealth Management LLC bought a new stake in H & R Block Inc (NYSE:HRB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,882 shares of the company’s stock, valued at approximately $416,000.
Several other large investors have also recently added to or reduced their stakes in HRB. Amundi Pioneer Asset Management Inc. bought a new position in shares of H & R Block in the fourth quarter valued at $106,233,000. Schroder Investment Management Group grew its stake in shares of H & R Block by 58.9% in the fourth quarter. Schroder Investment Management Group now owns 4,594,678 shares of the company’s stock valued at $120,472,000 after buying an additional 1,703,381 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of H & R Block by 3,360.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,010,858 shares of the company’s stock valued at $26,505,000 after buying an additional 981,649 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of H & R Block by 217.3% in the third quarter. Wells Fargo & Company MN now owns 1,374,306 shares of the company’s stock valued at $36,392,000 after buying an additional 941,182 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in H & R Block by 422.6% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,128,405 shares of the company’s stock worth $29,880,000 after purchasing an additional 912,500 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.
H & R Block Inc (HRB) opened at $27.19 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27. H & R Block Inc has a 52-week low of $22.16 and a 52-week high of $31.80. The company has a market cap of $5,807.93, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 0.92 and a beta of 0.40.
H & R Block (NYSE:HRB) last posted its earnings results on Tuesday, March 6th. The company reported ($1.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.29) by $0.13. H & R Block had a negative return on equity of 77.32% and a net margin of 8.19%. The company had revenue of $488.00 million during the quarter, compared to the consensus estimate of $459.14 million. During the same quarter last year, the firm earned ($0.49) earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. equities analysts predict that H & R Block Inc will post 2.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, March 12th. H & R Block’s dividend payout ratio is currently 80.00%.
A number of research firms have commented on HRB. BMO Capital Markets reaffirmed a “market perform” rating and set a $30.00 price objective on shares of H & R Block in a research report on Thursday, December 7th. Oppenheimer reaffirmed a “hold” rating on shares of H & R Block in a research report on Thursday, December 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $28.00 price objective (up from $27.00) on shares of H & R Block in a research report on Wednesday, March 7th. BTIG Research reaffirmed a “sell” rating and set a $21.00 price objective on shares of H & R Block in a research report on Sunday. Finally, ValuEngine cut shares of H & R Block from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.67.
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About H & R Block
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.
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