Ruffer LLP Boosts Stake in H&R Block, Inc. (NYSE:HRB)

Key Points

• Ruffer LLP increased its stake in H&R Block by 24% in the first quarter, owning approximately 98,621 shares valued at $5.4 million.
• H&R Block's stock recently opened at $54.50, showing a 0.3% increase, with a market cap of $7.30 billion and a price-to-earnings ratio of 13.36.
• The company declared a quarterly dividend of $0.375 per share, which translates to an annualized yield of 2.8%.

Ruffer LLP increased its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,621 shares of the company's stock after purchasing an additional 19,074 shares during the quarter. Ruffer LLP owned 0.07% of H&R Block worth $5,415,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC raised its holdings in 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. GAMMA Investing LLC raised its holdings in shares of 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 during the last quarter. GeoWealth Management LLC raised its holdings in shares of H&R Block by 87.0% in the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after acquiring an additional 750 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of H&R Block in the fourth quarter worth $85,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of H&R Block by 11.0% in the fourth 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 last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Stock Up 0.3%

Shares of NYSE:HRB traded up $0.18 during midday trading on Thursday, reaching $55.12. The company's stock had a trading volume of 1,212,925 shares, compared to its average volume of 1,422,596. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.85 and a beta of 0.24. H&R Block, Inc. has a 1 year low of $49.16 and a 1 year high of $68.45. The business has a 50 day moving average price of $55.73 and a 200 day moving average price of $55.76.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, beating analysts' consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.94 earnings per share. Sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group boosted their price target on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a 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 reissued an "outperform" rating and issued a $70.00 price target 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.