Los Angeles Capital Management LLC Has $20.17 Million Stake in H&R Block, Inc. (NYSE:HRB)

Los Angeles Capital Management LLC lifted its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 70.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,389 shares of the company's stock after buying an additional 151,224 shares during the period. Los Angeles Capital Management LLC owned about 0.27% of H&R Block worth $20,173,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bogart Wealth LLC raised its stake 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 acquiring an additional 200 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of H&R Block by 1,552.2% during the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock valued at $80,000 after purchasing an additional 1,428 shares in the last quarter. GAMMA Investing LLC boosted its holdings in H&R Block by 129.2% in the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after acquiring an additional 850 shares in the last quarter. GeoWealth Management LLC increased its holdings 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 worth $85,000 after purchasing an additional 750 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of H&R Block during the 4th quarter valued at $85,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Up 1.3%

Shares of H&R Block stock traded up $0.71 on Tuesday, hitting $56.16. 1,005,111 shares of the company traded hands, compared to its average volume of 1,401,712. The company has a 50-day moving average price of $56.26 and a 200 day moving average price of $55.70. H&R Block, Inc. has a 12-month low of $49.16 and a 12-month high of $68.45. The company has a market cap of $7.52 billion, a PE ratio of 13.76, a PEG ratio of 0.87 and a beta of 0.24.

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

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Wednesday, June 4th. H&R Block's payout ratio is 36.76%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Northcoast Research lowered 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 lifted their price target on shares of H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research note on Thursday, May 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research 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.