DekaBank Deutsche Girozentrale Raises Stake in H&R Block, Inc. (NYSE:HRB)

DekaBank Deutsche Girozentrale grew its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 88.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,492 shares of the company's stock after purchasing an additional 65,278 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.10% of H&R Block worth $6,746,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HRB. Exchange Traded Concepts LLC raised its stake in shares of H&R Block by 91.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 518 shares of the company's stock worth $25,000 after acquiring an additional 248 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company's stock worth $28,000 after acquiring an additional 600 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of H&R Block by 68.3% during the 1st quarter. Belpointe Asset Management LLC now owns 998 shares of the company's stock worth $35,000 after acquiring an additional 405 shares in the last quarter. Quarry LP raised its stake in shares of H&R Block by 109.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company's stock worth $41,000 after acquiring an additional 674 shares in the last quarter. Finally, Ronald Blue Trust Inc. raised its stake in shares of H&R Block by 129.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,077 shares of the company's stock worth $46,000 after acquiring an additional 608 shares in the last quarter. Institutional investors own 90.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of H&R Block from $34.00 to $38.00 and gave the stock a "sell" rating in a research note on Wednesday, February 7th. StockNews.com raised shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Thursday, March 7th.

H&R Block Price Performance

NYSE:HRB traded up $0.47 during trading hours on Thursday, hitting $46.92. 872,119 shares of the company were exchanged, compared to its average volume of 1,088,991. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.90 and a beta of 0.70. H&R Block, Inc. has a 52-week low of $28.83 and a 52-week high of $52.90. The company's 50 day moving average price is $47.71 and its 200-day moving average price is $46.02.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share for the quarter, topping the consensus estimate of ($1.58) by $0.31. The company had revenue of $179.10 million for the quarter, compared to the consensus estimate of $169.45 million. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. H&R Block's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.37) EPS. On average, equities analysts predict that H&R Block, Inc. will post 4.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 5th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Monday, March 4th. H&R Block's dividend payout ratio (DPR) is currently 35.26%.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $49.21, for a total value of $4,228,172.41. Following the sale, the chief executive officer now directly owns 755,359 shares of the company's stock, valued at approximately $37,171,216.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.