Sound Income Strategies LLC Boosts Stake in H&R Block, Inc. (NYSE:HRB)

Sound Income Strategies LLC increased its stake in H&R Block, Inc. (NYSE:HRB) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 184,374 shares of the company’s stock after buying an additional 1,542 shares during the quarter. Sound Income Strategies LLC’s holdings in H&R Block were worth $9,742,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its position in H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after buying an additional 198 shares during the last quarter. Rockland Trust Co. raised its stake in shares of H&R Block by 1.2% during the third quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock worth $1,072,000 after acquiring an additional 200 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of H&R Block by 5.5% during the third quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after acquiring an additional 221 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of H&R Block by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock worth $1,327,000 after acquiring an additional 251 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

HRB opened at $52.38 on Friday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $55.66 and its 200 day simple moving average is $58.70. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.81 and a beta of 0.69. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45.

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

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block’s payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research report 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.