Journey Strategic Wealth LLC Grows Position in H&R Block, Inc. (NYSE:HRB)

Journey Strategic Wealth LLC grew its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 111.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,757 shares of the company's stock after purchasing an additional 6,208 shares during the quarter. Journey Strategic Wealth LLC's holdings in H&R Block were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC grew its stake in H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC grew its holdings in H&R Block by 129.2% during the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after purchasing an additional 850 shares during the period. GeoWealth Management LLC grew its holdings in H&R Block by 87.0% during the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after purchasing an additional 750 shares during the period. Kapitalo Investimentos Ltda bought a new position in H&R Block during the fourth quarter valued at $85,000. Finally, CIBC Private Wealth Group LLC grew its holdings in 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 valued at $144,000 after purchasing an additional 263 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on HRB shares. Barrington Research restated an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research note on Friday, April 25th. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group raised their target price 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. Finally, Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

H&R Block Stock Down 0.7%

Shares of NYSE HRB traded down $0.37 during midday trading on Friday, reaching $55.86. The company had a trading volume of 1,043,305 shares, compared to its average volume of 1,075,134. The stock has a market cap of $7.48 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.88 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. The firm's fifty day moving average price is $56.17 and its 200-day moving average price is $55.75.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data 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. The firm 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 business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $4.94 EPS. As a group, equities research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is presently 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.