BW Gestao de Investimentos Ltda. Purchases Shares of 20,100 H&R Block, Inc. (NYSE:HRB)

BW Gestao de Investimentos Ltda. purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,100 shares of the company's stock, valued at approximately $1,062,000.

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

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the sale, the chief executive officer now owns 844,790 shares of the company's stock, valued at $53,458,311.20. The trade was a 5.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.

H&R Block Stock Performance

Shares of NYSE:HRB traded down $0.31 during trading on Tuesday, hitting $61.19. 1,483,572 shares of the stock were exchanged, compared to its average volume of 1,379,825. The company's fifty day simple moving average is $56.46 and its 200-day simple moving average is $56.19. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. H&R Block, Inc. has a 1-year low of $48.23 and a 1-year high of $68.45.

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

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.45%. H&R Block's payout ratio is currently 41.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HRB shares. StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Barrington Research reiterated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, April 25th. Finally, Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday.

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.