OMERS ADMINISTRATION Corp Makes New Investment in H&R Block, Inc. (NYSE:HRB)

OMERS ADMINISTRATION Corp purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,600 shares of the company's stock, valued at approximately $1,406,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CIBC Asset Management Inc grew its stake in H&R Block by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock valued at $225,000 after buying an additional 222 shares in the last quarter. US Bancorp DE increased its position in shares of H&R Block by 1.9% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the company's stock valued at $653,000 after buying an additional 233 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of H&R Block by 3.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock worth $365,000 after buying an additional 259 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of H&R Block by 4.4% in the fourth quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after buying an additional 261 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of H&R Block by 11.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock valued at $144,000 after acquiring an additional 263 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the transaction, the chief executive officer now owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

HRB has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price 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. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. StockNews.com upgraded H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Barrington Research restated an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday, April 25th.

H&R Block Price Performance

NYSE:HRB traded down $0.56 during midday trading on Wednesday, hitting $57.46. The company had a trading volume of 304,098 shares, compared to its average volume of 1,373,411. The company has a market capitalization of $7.69 billion, a PE ratio of 15.82, a P/E/G ratio of 0.80 and a beta of 0.28. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52-week low of $48.23 and a 52-week high of $68.45. The stock's fifty day moving average price is $57.42 and its 200-day moving average price is $56.02.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, beating the consensus estimate of $5.12 by $0.26. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The company's revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.94 EPS. As a group, research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.61%. H&R Block's dividend payout ratio (DPR) is currently 36.76%.

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.