Y Intercept Hong Kong Ltd Acquires Shares of 19,319 H&R Block, Inc. (NYSE:HRB)

Y Intercept Hong Kong Ltd acquired a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 19,319 shares of the company's stock, valued at approximately $1,061,000.

Several other institutional investors have also modified their holdings of HRB. Bogart Wealth LLC lifted its position in shares of H&R Block by 42.9% during the 1st 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 stake in 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 acquiring an additional 850 shares in the last quarter. GeoWealth Management LLC raised its stake in H&R Block by 87.0% during the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after acquiring an additional 750 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in H&R Block during the 4th quarter worth $85,000. Finally, CIBC Private Wealth Group LLC raised its stake in 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 in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Performance

NYSE HRB traded down $0.46 during trading on Monday, reaching $55.40. The company's stock had a trading volume of 121,277 shares, compared to its average volume of 1,441,458. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 0.87 and a beta of 0.24. H&R Block, Inc. has a twelve month low of $49.16 and a twelve month high of $68.45. The business's fifty day moving average price is $56.17 and its 200-day moving average price is $55.78.

H&R Block (NYSE:HRB - Get Free Report) last posted 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 company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. H&R Block's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.94 earnings per share. As a group, sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a $0.375 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.71%. H&R Block's dividend payout ratio is presently 36.76%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HRB shares. Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research note 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. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, April 25th. Finally, The Goldman Sachs Group lifted their price target on shares of H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research note on Thursday, May 8th.

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.