GSA Capital Partners LLP Invests $890,000 in H&R Block, Inc. (NYSE:HRB)

Key Points

• GSA Capital Partners LLP invested $890,000 in H&R Block, purchasing 16,201 shares during the 1st quarter of the year.
• H&R Block's recent earnings report showed an EPS of $5.38, exceeding analysts' estimates of $5.12, with quarterly revenue reaching $2.28 billion.
• H&R Block declared a quarterly dividend of $0.375 per share, representing a 2.8% yield.

GSA Capital Partners LLP purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,201 shares of the company's stock, valued at approximately $890,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. grew its holdings in shares of H&R Block by 1.6% during the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock worth $656,000 after purchasing an additional 191 shares during the last quarter. Bogart Wealth LLC grew its holdings 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 worth $37,000 after purchasing an additional 200 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of H&R Block by 4.4% during the fourth quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after purchasing an additional 261 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of H&R Block by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after purchasing an additional 263 shares during the last quarter. Finally, Invst LLC grew its holdings in shares of H&R Block by 1.5% during the fourth quarter. Invst LLC now owns 18,187 shares of the company's stock worth $961,000 after purchasing an additional 274 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

H&R Block stock opened at $54.50 on Friday. The stock's 50 day moving average is $55.86 and its 200 day moving average is $55.77. The firm has a market cap of $7.30 billion, a P/E ratio of 13.36, a P/E/G ratio of 0.85 and a beta of 0.24. H&R Block, Inc. has a one year low of $49.16 and a one year high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. The company 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 179.57% and a net margin of 15.20%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.94 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.50 annualized dividend and a yield of 2.8%. H&R Block's payout ratio is 36.76%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price objective 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 stock a "sell" rating in a research note on Thursday, May 8th.

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.

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