H&R Block, Inc. (NYSE:HRB) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P raised its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 620.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,225 shares of the company's stock after acquiring an additional 25,166 shares during the period. Martingale Asset Management L P's holdings in H&R Block were worth $1,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HRB. Endeavor Private Wealth Inc. acquired a new stake in shares of H&R Block in the fourth quarter valued at approximately $27,000. Spire Wealth Management acquired a new stake in H&R Block during the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block during the fourth quarter worth $29,000. GAMMA Investing LLC raised its holdings in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after acquiring an additional 258 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock valued at $44,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Stock Up 0.6 %

H&R Block stock traded up $0.37 during midday trading on Thursday, hitting $63.40. 551,279 shares of the company were exchanged, compared to its average volume of 1,336,677. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The company has a market cap of $8.49 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The company's fifty day moving average price is $54.16 and its 200-day moving average price is $56.31.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. On average, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.37%. The ex-dividend date was Tuesday, March 4th. H&R Block's dividend payout ratio is currently 41.32%.

Wall Street Analysts Forecast Growth

HRB has been the topic of several analyst reports. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th.

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.