Blueshift Asset Management LLC Purchases New Shares in H&R Block, Inc. (NYSE:HRB)

Blueshift Asset Management LLC purchased a new stake in H&R Block, Inc. (NYSE:HRB) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 17,081 shares of the company’s stock, valued at approximately $903,000.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock valued at $275,796,000 after purchasing an additional 282,633 shares during the period. Boston Partners lifted its position in shares of H&R Block by 58.5% during the 4th quarter. Boston Partners now owns 4,500,552 shares of the company’s stock valued at $237,814,000 after acquiring an additional 1,660,319 shares during the period. Pacer Advisors Inc. lifted its position in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock valued at $144,527,000 after acquiring an additional 476,892 shares during the period. Bank of New York Mellon Corp lifted its position in shares of H&R Block by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,684,738 shares of the company’s stock valued at $89,022,000 after acquiring an additional 47,920 shares during the period. Finally, NewEdge Wealth LLC lifted its position in shares of H&R Block by 11.5% during the 4th quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company’s stock valued at $57,897,000 after acquiring an additional 113,216 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

Shares of HRB stock opened at $52.85 on Thursday. 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 twelve month low of $45.87 and a twelve month high of $68.45. The company has a market cap of $7.07 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.80 and a beta of 0.65. The business has a fifty day simple moving average of $53.48 and a 200 day simple moving average of $57.35.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.84%. H&R Block’s dividend payout ratio is currently 41.32%.

Analyst Ratings Changes

HRB has been the subject of a number of recent analyst reports. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

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.