H&R Block, Inc. (NYSE:HRB) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 51.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,241 shares of the company’s stock after acquiring an additional 6,544 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in H&R Block were worth $1,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block in the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block during the 4th quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in H&R Block during the third quarter worth approximately $34,000. Finally, GAMMA Investing LLC lifted its stake in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

H&R Block Stock Up 2.4 %

H&R Block stock opened at $53.52 on Tuesday. The stock has a 50 day moving average of $53.75 and a two-hundred day moving average of $58.41. 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 $7.16 billion, a price-to-earnings ratio of 14.74, 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.

H&R Block (NYSE:HRB) last issued its quarterly earnings results 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%. As a group, research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.80%. H&R Block’s dividend 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.