Focus Partners Wealth Purchases 16,108 Shares of H&R Block, Inc. (NYSE:HRB)

Focus Partners Wealth lifted its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 227.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,175 shares of the company's stock after acquiring an additional 16,108 shares during the quarter. Focus Partners Wealth's holdings in H&R Block were worth $1,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HRB. Park Avenue Securities LLC boosted its holdings 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 worth $898,000 after acquiring an additional 1,141 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of H&R Block by 13.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company's stock worth $46,748,000 after acquiring an additional 107,450 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of H&R Block in the 4th quarter worth approximately $362,000. Finally, My Legacy Advisors LLC boosted its holdings in shares of H&R Block by 7.5% in the 4th quarter. My Legacy Advisors LLC now owns 5,124 shares of the company's stock worth $284,000 after acquiring an additional 359 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barrington Research reissued an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. The Goldman Sachs Group upped their price objective on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a report on Thursday, May 8th. 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 downgraded H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd.

Insider Buying and Selling at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's stock in a transaction 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 in the company, valued at approximately $53,458,311.20. The trade was a 5.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

H&R Block Trading Up 0.3%

NYSE:HRB traded up $0.20 during trading hours on Friday, hitting $57.80. 891,607 shares of the stock were exchanged, compared to its average volume of 1,381,578. The company's 50 day moving average is $57.80 and its two-hundred day moving average is $56.00. H&R Block, Inc. has a twelve month low of $48.23 and a twelve month high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a market capitalization of $7.74 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.26. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.94 EPS. 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 will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Wednesday, June 4th. H&R Block's payout ratio is 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.