Tower Research Capital LLC TRC Acquires 8,659 Shares of H&R Block, Inc. (NYSE:HRB)

Tower Research Capital LLC TRC boosted its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 280.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,752 shares of the company's stock after acquiring an additional 8,659 shares during the period. Tower Research Capital LLC TRC's holdings in H&R Block were worth $621,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in H&R Block in the fourth quarter valued at about $27,000. Spire Wealth Management acquired a new stake in H&R Block during the fourth quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in shares of H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of H&R Block by 52.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock worth $44,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HRB shares. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, April 25th.

Insider Transactions at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's 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 directly owns 844,790 shares in the company, valued at approximately $53,458,311.20. This represents a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

H&R Block Price Performance

Shares of HRB traded down $0.36 on Wednesday, hitting $60.42. The company's stock had a trading volume of 2,284,284 shares, compared to its average volume of 1,369,282. The company has a market capitalization of $8.09 billion, a PE ratio of 16.64, a PEG ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a fifty-two week low of $46.46 and a fifty-two week high of $68.45. The company has a 50 day moving average price of $55.81 and a 200 day moving average price of $56.20. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts' consensus estimates 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%. On average, research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block's dividend payout ratio is presently 41.32%.

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.