H&R Block, Inc. (NYSE:HRB) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 88.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 914,884 shares of the company's stock after buying an additional 429,101 shares during the quarter. Bank of America Corp DE owned about 0.67% of H&R Block worth $48,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HRB. GAMMA Investing LLC lifted its stake in shares of H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after acquiring an additional 258 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of H&R Block by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,972 shares of the company's stock valued at $1,372,000 after acquiring an additional 331 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of H&R Block in the 4th quarter valued at about $1,613,000. Park Avenue Securities LLC lifted its stake in shares of H&R Block by 7.2% in the 4th quarter. Park Avenue Securities LLC now owns 16,998 shares of the company's stock valued at $898,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in H&R Block by 52.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock valued at $44,000 after purchasing an additional 289 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HRB has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research report on Thursday, May 8th. Barrington Research reiterated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Finally, StockNews.com upgraded H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

H&R Block Stock Down 0.1%

HRB traded down $0.04 during trading on Tuesday, hitting $57.96. 64,080 shares of the company's stock traded hands, compared to its average volume of 1,581,940. The company's 50 day simple moving average is $57.26 and its two-hundred day simple moving average is $56.01. 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, Inc. has a 12-month low of $48.23 and a 12-month high of $68.45. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 0.80 and a beta of 0.28.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.26. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same period in the prior year, the firm earned $4.94 EPS. The company's revenue was up 4.2% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a $0.375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 annualized dividend and a yield of 2.59%. H&R Block's dividend payout ratio is currently 36.76%.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the completion of the sale, the chief executive officer now owns 844,790 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.

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.