Lecap Asset Management Ltd. Has $1.27 Million Stock Position in H&R Block, Inc. (NYSE:HRB)

Lecap Asset Management Ltd. increased its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 510.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,179 shares of the company's stock after buying an additional 19,383 shares during the period. Lecap Asset Management Ltd.'s holdings in H&R Block were worth $1,273,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HRB. SBI Securities Co. Ltd. bought a new position in shares of H&R Block in the 4th quarter worth $46,000. Harbour Investments Inc. boosted its holdings in H&R Block by 1,552.2% during the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock worth $80,000 after buying an additional 1,428 shares during the last quarter. GAMMA Investing LLC grew its position in shares of H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after buying an additional 850 shares during the period. GeoWealth Management LLC increased its stake in shares of H&R Block by 87.0% in the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after acquiring an additional 750 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of H&R Block in the 4th quarter valued at approximately $85,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on HRB shares. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group upped their price objective on shares of H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research report on Thursday, May 8th. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research note on Friday, April 25th.

H&R Block Price Performance

Shares of H&R Block stock traded up $0.46 on Friday, hitting $54.78. The company had a trading volume of 2,664,794 shares, compared to its average volume of 1,398,574. The stock has a 50-day moving average of $57.65 and a 200-day moving average of $55.52. H&R Block, Inc. has a twelve month low of $49.16 and a twelve month high of $68.45. The firm has a market capitalization of $7.33 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.83 and a beta of 0.25.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the business earned $4.94 EPS. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block's dividend payout ratio is presently 36.76%.

Insider Buying and Selling at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction on 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 sale, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company's stock.

About H&R Block

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.