H&R Block, Inc. (NYSE:HRB) Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 676,294 shares of the company’s stock after acquiring an additional 19,593 shares during the quarter. Truist Financial Corp owned about 0.49% of H&R Block worth $35,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in H&R Block by 26.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company’s stock worth $3,097,000 after purchasing an additional 12,390 shares during the period. Point72 Asset Management L.P. purchased a new position in H&R Block during the third quarter worth about $1,821,000. Algert Global LLC raised its stake in H&R Block by 413.1% during the third quarter. Algert Global LLC now owns 72,110 shares of the company’s stock worth $4,583,000 after purchasing an additional 58,057 shares during the period. Charles Schwab Investment Management Inc. raised its stake in H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after purchasing an additional 255,354 shares during the period. Finally, Merit Financial Group LLC purchased a new position in H&R Block during the fourth quarter worth about $362,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on HRB shares. Barrington Research reaffirmed an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

H&R Block Price Performance

H&R Block stock opened at $51.77 on Wednesday. The company’s 50 day simple moving average is $54.00 and its 200-day simple moving average is $58.47. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69. H&R Block, Inc. has a 1 year low of $45.64 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. As a group, equities research analysts expect 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. Investors of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is currently 41.32%.

H&R Block Company Profile

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.