Endeavor Private Wealth Inc. Buys New Stake in H&R Block, Inc. (NYSE:HRB)

Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 500 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC grew its position in H&R Block by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 66,780 shares of the company’s stock valued at $3,529,000 after acquiring an additional 655 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in H&R Block by 3.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 107,075 shares of the company’s stock valued at $5,658,000 after buying an additional 3,280 shares during the period. My Legacy Advisors LLC grew its stake in shares of H&R Block by 7.5% in the fourth quarter. My Legacy Advisors LLC now owns 5,124 shares of the company’s stock worth $284,000 after acquiring an additional 359 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of H&R Block in the fourth quarter worth $362,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of H&R Block by 13.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock valued at $46,748,000 after acquiring an additional 107,450 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, November 8th.

H&R Block Stock Down 3.1 %

Shares of NYSE:HRB opened at $53.26 on Thursday. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The firm’s 50 day moving average price is $55.79 and its 200 day moving average price is $58.74. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.83 and a beta of 0.69.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The firm had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same quarter in the previous year, the business posted ($1.05) earnings per share. As a group, equities research analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block’s dividend payout ratio (DPR) is 36.59%.

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.