Range Financial Group LLC Raises Stake in H&R Block, Inc. (NYSE:HRB)

Range Financial Group LLC increased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 232.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,645 shares of the company’s stock after buying an additional 10,239 shares during the period. Range Financial Group LLC’s holdings in H&R Block were worth $774,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HRB. Point72 Asset Management L.P. bought a new position in H&R Block during the third quarter valued at $1,821,000. Algert Global LLC increased its holdings in H&R Block by 413.1% in the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company’s stock worth $4,583,000 after acquiring an additional 58,057 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after acquiring an additional 255,354 shares during the period. Caxton Associates LP lifted its holdings in H&R Block by 280.5% during the second quarter. Caxton Associates LP now owns 39,497 shares of the company’s stock valued at $2,142,000 after purchasing an additional 29,117 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in H&R Block by 156.3% during the second quarter. NewEdge Advisors LLC now owns 29,220 shares of the company’s stock worth $1,585,000 after purchasing an additional 17,818 shares during the period. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

H&R Block Price Performance

HRB stock traded up $0.52 during midday trading on Tuesday, reaching $53.61. The company had a trading volume of 1,165,641 shares, compared to its average volume of 1,016,912. The firm has a 50-day moving average price of $57.23 and a 200-day moving average price of $58.75. The company has a market capitalization of $7.35 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.86 and a beta of 0.69. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The firm had revenue of $193.81 million for the quarter, compared to analysts’ expectations 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 in the prior year, the business posted ($1.05) earnings per share. On average, research analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

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

About H&R Block

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.