Wilmington Savings Fund Society FSB Makes New Investment in H&R Block, Inc. (NYSE:HRB)

Wilmington Savings Fund Society FSB bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,661 shares of the company’s stock, valued at approximately $169,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new position in H&R Block during the 3rd quarter worth $25,000. Bogart Wealth LLC grew its holdings in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of H&R Block in the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of H&R Block in the third quarter worth $35,000. Finally, Harbor Capital Advisors Inc. acquired a new position in H&R Block in the third quarter valued at about $40,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Down 2.1 %

NYSE HRB opened at $53.49 on Thursday. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The business has a fifty day moving average price of $59.09 and a two-hundred day moving average price of $58.48. 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 has a market capitalization of $7.33 billion, a PE ratio of 13.05, a PEG ratio of 0.86 and a beta of 0.66.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate 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 period last year, the business earned ($1.05) earnings per share. Equities analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Thursday, December 5th. H&R Block’s dividend payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

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

H&R Block Company Profile

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.