Strategic Financial Concepts LLC Takes Position in H&R Block, Inc. (NYSE:HRB)

Strategic Financial Concepts LLC bought a new stake in shares of H&R Block, Inc. (NYSE:HRB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,536 shares of the company’s stock, valued at approximately $1,931,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank bought a new position in shares of H&R Block during the 3rd quarter valued at approximately $25,000. Bogart Wealth LLC raised its holdings in H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in H&R Block during the 4th quarter valued at $27,000. Spire Wealth Management purchased a new stake in H&R Block during the 4th quarter valued at $28,000. Finally, Darwin Wealth Management LLC purchased a new stake in H&R Block during the 3rd quarter valued at $34,000. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Performance

HRB stock opened at $52.61 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The business’s fifty day simple moving average is $54.61 and its two-hundred day simple moving average is $58.69. H&R Block, Inc. has a twelve month low of $45.64 and a twelve month high of $68.45. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.82 and a beta of 0.69.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.85%. H&R Block’s payout ratio is 41.32%.

Analyst Ratings Changes

Several research firms recently weighed in on HRB. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

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.