H&R Block, Inc. (NYSE:HRB) Stock Position Raised by Focus Partners Wealth

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

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in H&R Block by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 14,253,276 shares of the company's stock valued at $753,143,000 after purchasing an additional 35,945 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of H&R Block by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock valued at $275,796,000 after purchasing an additional 282,633 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of H&R Block by 12.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,701,896 shares of the company's stock worth $248,448,000 after purchasing an additional 523,353 shares in the last quarter. Boston Partners lifted its holdings in shares of H&R Block by 58.5% in the fourth quarter. Boston Partners now owns 4,500,552 shares of the company's stock worth $237,814,000 after buying an additional 1,660,319 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock valued at $144,527,000 after purchasing an additional 476,892 shares during the last quarter. Institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HRB shares. StockNews.com raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. Barrington Research restated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, April 25th. Finally, The Goldman Sachs Group lifted their price objective on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research note on Thursday, May 8th.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the transaction, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. The trade was a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

H&R Block Trading Down 0.1%

NYSE:HRB traded down $0.04 on Tuesday, reaching $57.96. 755,855 shares of the company's stock were exchanged, compared to its average volume of 1,377,599. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52-week low of $48.23 and a 52-week high of $68.45. The business has a fifty day moving average of $57.42 and a 200-day moving average of $56.02.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.26. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The firm had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $4.94 EPS. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.59%. H&R Block's payout ratio is 36.76%.

H&R Block 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.