H&R Block, Inc. (NYSE:HRB) Stock Position Raised by Zacks Investment Management

Zacks Investment Management lifted its position in H&R Block, Inc. (NYSE:HRB) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,774 shares of the company’s stock after buying an additional 5,870 shares during the quarter. Zacks Investment Management’s holdings in H&R Block were worth $2,049,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in H&R Block in the fourth quarter worth approximately $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block in the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. bought a new stake in H&R Block in the fourth quarter worth $29,000. GAMMA Investing LLC boosted its holdings in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after buying an additional 289 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the sale, the chief executive officer now directly owns 844,790 shares in the company, valued at approximately $53,458,311.20. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

H&R Block Stock Up 0.0 %

H&R Block stock opened at $63.03 on Friday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The firm has a fifty day moving average price of $54.58 and a two-hundred day moving average price of $56.31. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.80 and a beta of 0.39.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate 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, analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is currently 41.32%.

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.