Cahill Financial Advisors Inc. Takes Position in H&R Block, Inc. (NYSE:HRB)

Cahill Financial Advisors Inc. 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,355 shares of the company's stock, valued at approximately $230,000.

Several other hedge funds have also recently modified their holdings of the stock. BW Gestao de Investimentos Ltda. acquired a new position in shares of H&R Block during the fourth quarter worth about $1,062,000. Baird Financial Group Inc. raised its stake in shares of H&R Block by 9.5% during the 4th quarter. Baird Financial Group Inc. now owns 17,099 shares of the company's stock worth $904,000 after buying an additional 1,490 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of H&R Block by 88.3% in the 4th quarter. Bank of America Corp DE now owns 914,884 shares of the company's stock valued at $48,342,000 after buying an additional 429,101 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of H&R Block by 18.2% in the fourth quarter. BNP Paribas Financial Markets now owns 608,738 shares of the company's stock valued at $32,166,000 after buying an additional 93,766 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of H&R Block by 47.5% in the fourth quarter. Ameriprise Financial Inc. now owns 331,502 shares of the company's stock valued at $17,526,000 after buying an additional 106,685 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's 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 transaction, the chief executive officer now owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

H&R Block Price Performance

NYSE:HRB traded down $0.76 during mid-day trading on Friday, hitting $57.61. 2,118,728 shares of the company's stock traded hands, compared to its average volume of 1,386,582. 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 cap of $7.71 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. The firm's 50 day simple moving average is $56.81 and its 200 day simple moving average is $56.15. 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 posted its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.12 by $0.26. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. H&R Block's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.94 EPS. 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 announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.60%. H&R Block's dividend payout ratio (DPR) is 36.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HRB shares. StockNews.com upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Friday. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. Finally, The Goldman Sachs Group boosted their price target on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research note on Thursday.

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.