Allworth Financial LP Grows Position in H&R Block, Inc. (NYSE:HRB)

Allworth Financial LP grew its stake in shares of H&R Block, Inc. (NYSE:HRB) by 141.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,968 shares of the company’s stock after buying an additional 2,322 shares during the period. Allworth Financial LP’s holdings in H&R Block were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HRB. Eastern Bank purchased a new position in H&R Block during the third quarter worth $25,000. Endeavor Private Wealth Inc. purchased a new position in H&R Block during the fourth quarter worth $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block in the fourth quarter valued at $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block in the fourth quarter valued at $29,000. Finally, Bogart Wealth LLC grew its position in shares of H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HRB. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

H&R Block Price Performance

Shares of H&R Block stock opened at $52.29 on Friday. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The stock has a market capitalization of $7.00 billion, a P/E ratio of 14.40, a PEG ratio of 0.80 and a beta of 0.69. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The business’s fifty day moving average price is $53.78 and its 200 day moving average price is $58.39.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. As a group, research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, March 4th. H&R Block’s payout ratio is currently 41.32%.

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.