Edgestream Partners L.P. Acquires Shares of 193,568 H&R Block, Inc. (NYSE:HRB)

Edgestream Partners L.P. bought a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 193,568 shares of the company's stock, valued at approximately $10,629,000. H&R Block comprises approximately 0.4% of Edgestream Partners L.P.'s investment portfolio, making the stock its 29th biggest position. Edgestream Partners L.P. owned 0.14% of H&R Block as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HRB. Proficio Capital Partners LLC bought a new position in H&R Block in the fourth quarter valued at about $2,080,000. Raymond James Financial Inc. bought a new position in H&R Block in the fourth quarter valued at about $10,725,000. PNC Financial Services Group Inc. raised its position in H&R Block by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 20,196 shares of the company's stock valued at $1,067,000 after purchasing an additional 2,088 shares during the last quarter. Amundi raised its position in H&R Block by 1.5% in the fourth quarter. Amundi now owns 87,240 shares of the company's stock valued at $4,738,000 after purchasing an additional 1,307 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of H&R Block by 6.7% during the fourth quarter. HighTower Advisors LLC now owns 19,184 shares of the company's stock worth $1,014,000 after acquiring an additional 1,202 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HRB. Barrington Research restated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research report on Friday, April 25th. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group raised their price objective on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research report on Thursday, May 8th.

H&R Block Trading Down 0.2%

NYSE HRB traded down $0.12 during trading hours on Thursday, hitting $55.56. 991,633 shares of the company's stock were exchanged, compared to its average volume of 1,403,297. The stock has a 50-day simple moving average of $56.30 and a 200 day simple moving average of $55.64. H&R Block, Inc. has a 1-year low of $49.16 and a 1-year high of $68.45. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.87 and a beta of 0.24.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping the consensus estimate of $5.12 by $0.26. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter last year, the firm posted $4.94 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a dividend of $0.375 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.50 annualized dividend and a yield of 2.70%. H&R Block's dividend payout ratio is currently 36.76%.

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.