Axxcess Wealth Management LLC Boosts Stake in H&R Block, Inc. (NYSE:HRB)

Axxcess Wealth Management LLC lifted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,846 shares of the company’s stock after buying an additional 274 shares during the quarter. Axxcess Wealth Management LLC’s holdings in H&R Block were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HRB. Natixis Advisors LLC increased its stake in shares of H&R Block by 8.9% during the 3rd quarter. Natixis Advisors LLC now owns 25,802 shares of the company’s stock worth $1,640,000 after purchasing an additional 2,113 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of H&R Block by 5.8% during the 3rd quarter. Pathstone Holdings LLC now owns 24,891 shares of the company’s stock worth $1,584,000 after purchasing an additional 1,357 shares during the last quarter. Caprock Group LLC increased its stake in shares of H&R Block by 14.5% during the 3rd quarter. Caprock Group LLC now owns 5,902 shares of the company’s stock worth $377,000 after purchasing an additional 746 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of H&R Block by 62.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 4,124 shares of the company’s stock worth $262,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Commerce Bank increased its stake in shares of H&R Block by 18.3% during the 3rd quarter. Commerce Bank now owns 55,079 shares of the company’s stock worth $3,500,000 after purchasing an additional 8,513 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Up 0.1 %

HRB opened at $52.46 on Friday. The company has a 50 day moving average of $53.42 and a 200 day moving average of $57.20. The company has a market cap of $7.02 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) EPS 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%. On average, sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is 41.32%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HRB shares. StockNews.com lowered shares of 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 issued a $70.00 price objective 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.