17,656 Shares in H&R Block, Inc. (NYSE:HRB) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,656 shares of the company's stock, valued at approximately $933,000.

A number of other institutional investors also recently modified their holdings of the business. Boston Partners increased its stake in H&R Block by 58.5% in the 4th quarter. Boston Partners now owns 4,500,552 shares of the company's stock worth $237,814,000 after purchasing an additional 1,660,319 shares during the period. Norges Bank bought a new position in H&R Block during the fourth quarter valued at approximately $57,253,000. Lazard Asset Management LLC boosted its position in H&R Block by 36.8% in the fourth quarter. Lazard Asset Management LLC now owns 2,585,026 shares of the company's stock worth $136,591,000 after purchasing an additional 695,581 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of H&R Block by 12.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,701,896 shares of the company's stock valued at $248,448,000 after acquiring an additional 523,353 shares in the last quarter. Finally, Boston Trust Walden Corp bought a new stake in shares of H&R Block during the fourth quarter valued at approximately $25,552,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

H&R Block Stock Performance

Shares of HRB traded up $0.13 during mid-day trading on Wednesday, hitting $58.14. 589,001 shares of the company's stock were exchanged, compared to its average volume of 1,578,299. The firm has a market capitalization of $7.78 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.80 and a beta of 0.28. H&R Block, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $68.45. The business's 50 day moving average is $57.42 and its two-hundred day moving average is $56.02. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the firm posted $4.94 earnings per share. H&R Block's revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company 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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block's payout ratio is currently 36.76%.

Insider Activity

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's 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 sale, the chief executive officer now owns 844,790 shares of the company's stock, valued at $53,458,311.20. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is owned by insiders.

About H&R Block

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.