H&R Block, Inc. (NYSE:HRB) Shares Bought by Burney Co.

Burney Co. grew its position in H&R Block, Inc. (NYSE:HRB) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,586 shares of the company’s stock after acquiring an additional 869 shares during the period. Burney Co.’s holdings in H&R Block were worth $2,462,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HRB. Pacer Advisors Inc. lifted its position in shares of H&R Block by 52.2% during the 2nd quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock valued at $148,492,000 after buying an additional 939,270 shares in the last quarter. Wedge Capital Management L L P NC raised its position in H&R Block by 1,630.9% during the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock worth $49,395,000 after acquiring an additional 732,359 shares during the period. AQR Capital Management LLC lifted its holdings in H&R Block by 39.7% during the second quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company’s stock valued at $115,418,000 after purchasing an additional 606,250 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after purchasing an additional 255,354 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after purchasing an additional 156,856 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Up 1.2 %

NYSE HRB opened at $55.48 on Thursday. The business has a fifty day moving average price of $56.51 and a 200 day moving average price of $58.78. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $7.60 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.86 and a beta of 0.69. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The business had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same quarter last year, the company earned ($1.05) earnings per share. Research analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block’s dividend payout ratio is currently 36.59%.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research note on Friday, November 8th.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.