Chase Investment Counsel Corp Invests $1.02 Million in H&R Block, Inc. (NYSE:HRB)

Chase Investment Counsel Corp purchased a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 21,000 shares of the company's stock, valued at approximately $1,015,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HRB. Retirement Systems of Alabama increased its position in shares of H&R Block by 23.8% in the fourth quarter. Retirement Systems of Alabama now owns 363,889 shares of the company's stock valued at $17,601,000 after acquiring an additional 69,846 shares during the last quarter. Convergence Investment Partners LLC increased its position in shares of H&R Block by 13.6% during the 4th quarter. Convergence Investment Partners LLC now owns 29,788 shares of the company's stock worth $1,441,000 after purchasing an additional 3,559 shares during the last quarter. Paradiem LLC bought a new stake in shares of H&R Block during the 4th quarter worth approximately $7,671,000. PGGM Investments boosted its holdings in shares of H&R Block by 3.1% in the 4th quarter. PGGM Investments now owns 69,147 shares of the company's stock valued at $3,345,000 after buying an additional 2,068 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of H&R Block by 4.1% in the fourth quarter. Truist Financial Corp now owns 7,617 shares of the company's stock valued at $368,000 after buying an additional 301 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the completion of the sale, the chief executive officer now owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

H&R Block Stock Up 1.6 %

Shares of HRB stock traded up $0.74 during trading on Monday, reaching $47.24. 962,881 shares of the company's stock were exchanged, compared to its average volume of 1,068,263. H&R Block, Inc. has a twelve month low of $28.83 and a twelve month high of $52.90. The firm's fifty day moving average price is $47.71 and its 200-day moving average price is $46.47. The stock has a market capitalization of $6.59 billion, a PE ratio of 13.01, a PEG ratio of 0.88 and a beta of 0.70.

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

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.28 annualized dividend and a yield of 2.71%. H&R Block's dividend payout ratio is currently 35.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HRB. The Goldman Sachs Group increased their price target on shares of H&R Block from $34.00 to $38.00 and gave the company a "sell" rating in a research note on Wednesday, February 7th. StockNews.com upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th.

About H&R Block

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.