Dimensional Fund Advisors LP Has $123.40 Million Position in H&R Block, Inc. (NYSE:HRB)

Dimensional Fund Advisors LP grew its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,335,353 shares of the company's stock after purchasing an additional 30,244 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.74% of H&R Block worth $123,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HRB. Boston Partners boosted its position in H&R Block by 58.5% during the 4th quarter. Boston Partners now owns 4,500,552 shares of the company's stock worth $237,814,000 after buying an additional 1,660,319 shares during the period. Norges Bank bought a new position in shares of H&R Block during the fourth quarter valued at $57,253,000. Boston Trust Walden Corp acquired a new position in shares of H&R Block during the fourth quarter worth $25,552,000. Pacer Advisors Inc. grew its stake in shares of H&R Block by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after purchasing an additional 476,892 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in H&R Block by 26.5% in the fourth quarter. Invesco Ltd. now owns 1,574,552 shares of the company's stock valued at $83,199,000 after purchasing an additional 330,279 shares during the period. 90.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HRB has been the topic of several recent research reports. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a report on Friday. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Barrington Research restated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a report on Friday, April 25th.

H&R Block Trading Up 0.5 %

H&R Block stock traded up $0.29 during trading hours on Friday, reaching $62.38. 438,709 shares of the company's stock were exchanged, compared to its average volume of 1,569,372. The firm's 50 day simple moving average is $55.99 and its 200 day simple moving average is $56.21. H&R Block, Inc. has a twelve month low of $47.51 and a twelve month high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The firm has a market capitalization of $8.35 billion, a PE ratio of 17.18, a PEG ratio of 0.80 and a beta of 0.39.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate 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%. Research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.40%. The ex-dividend date was Tuesday, March 4th. H&R Block's dividend payout ratio is presently 41.32%.

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the transaction, the chief executive officer now owns 844,790 shares of the company's stock, valued at $53,458,311.20. This represents a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company's stock.

H&R Block Company 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.