M&T Bank Corp Increases Stock Position in H&R Block, Inc. (NYSE:HRB)

M&T Bank Corp increased its position in shares of H&R Block, Inc. (NYSE:HRB) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,903 shares of the company’s stock after buying an additional 1,611 shares during the period. M&T Bank Corp’s holdings in H&R Block were worth $2,109,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HRB. Endeavor Private Wealth Inc. purchased a new stake in H&R Block during the fourth quarter worth $27,000. Spire Wealth Management purchased a new stake in H&R Block during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. purchased a new stake in H&R Block during the fourth quarter worth $29,000. Darwin Wealth Management LLC acquired a new position in H&R Block during the third quarter worth $34,000. Finally, GAMMA Investing LLC raised its position in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Price Performance

Shares of NYSE HRB opened at $55.52 on Monday. The firm has a 50-day simple moving average of $53.66 and a 200-day simple moving average of $57.97. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) 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%. On average, equities analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s dividend payout ratio is currently 41.32%.

Analysts Set New Price Targets

HRB has been the subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

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.