Aigen Investment Management LP Makes New $858,000 Investment in H&R Block, Inc. (NYSE:HRB)

Key Points

• Aigen Investment Management LP has invested $858,000 in H&R Block, acquiring 15,625 shares in the first quarter.
• Institutional investors and hedge funds collectively own 90.14% of H&R Block's stock, indicating strong institutional interest.
• Equities analysts have mixed opinions, with some upgrading the stock to a "buy" and others downgrading it to "neutral" in recent reports.

Aigen Investment Management LP purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,625 shares of the company's stock, valued at approximately $858,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bogart Wealth LLC increased its position in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd grew its holdings in H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock valued at $75,000 after purchasing an additional 243 shares during the period. GAMMA Investing LLC grew its holdings in H&R Block by 129.2% during the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after purchasing an additional 850 shares during the period. GeoWealth Management LLC grew its holdings in H&R Block by 87.0% during the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after purchasing an additional 750 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in H&R Block during the fourth quarter valued at $85,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Price Performance

NYSE:HRB traded up $0.78 during trading hours on Friday, hitting $50.15. 2,422,271 shares of the company's stock traded hands, compared to its average volume of 1,499,851. The firm has a market cap of $6.71 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.80 and a beta of 0.24. H&R Block, Inc. has a 52 week low of $47.00 and a 52 week high of $68.45. The business's fifty day simple moving average is $54.94 and its two-hundred day simple moving average is $55.68. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, September 4th. This is a positive change from H&R Block's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. H&R Block's dividend payout ratio (DPR) is 33.56%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HRB. Barrington Research reduced their price objective on H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday. The Goldman Sachs Group cut their price target on H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a report on Wednesday. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd.

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.