Vident Advisory LLC Has $1.06 Million Position in H&R Block, Inc. (NYSE:HRB)

Vident Advisory LLC lifted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 280.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,094 shares of the company's stock after buying an additional 14,819 shares during the period. Vident Advisory LLC's holdings in H&R Block were worth $1,062,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in shares of H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock worth $225,000 after purchasing an additional 222 shares in the last quarter. US Bancorp DE boosted its stake in H&R Block by 1.9% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the company's stock worth $653,000 after buying an additional 233 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in H&R Block by 3.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock valued at $365,000 after buying an additional 259 shares during the period. Bank of Nova Scotia raised its stake in shares of H&R Block by 4.4% in the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock valued at $326,000 after buying an additional 261 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of H&R Block by 11.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after acquiring an additional 263 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

H&R Block stock traded down $0.08 on Thursday, reaching $56.13. The company's stock had a trading volume of 147,303 shares, compared to its average volume of 1,376,645. H&R Block, Inc. has a twelve month low of $48.78 and a twelve month high of $68.45. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.80 and a beta of 0.28. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The business's fifty day moving average price is $58.08 and its 200 day moving average price is $55.90.

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, topping the consensus estimate of $5.12 by $0.26. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the company earned $4.94 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is presently 36.76%.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the transaction, the chief executive officer now owns 844,790 shares in the company, valued at approximately $53,458,311.20. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

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

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.