Envestnet Portfolio Solutions Inc. Purchases 1,290 Shares of H&R Block, Inc. (NYSE:HRB)

Envestnet Portfolio Solutions Inc. increased its position in H&R Block, Inc. (NYSE:HRB) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,485 shares of the company’s stock after purchasing an additional 1,290 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in H&R Block were worth $501,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Natixis Advisors LLC raised its stake in H&R Block by 8.9% in the third quarter. Natixis Advisors LLC now owns 25,802 shares of the company’s stock valued at $1,640,000 after buying an additional 2,113 shares during the period. Pathstone Holdings LLC increased its holdings in shares of H&R Block by 5.8% during the 3rd quarter. Pathstone Holdings LLC now owns 24,891 shares of the company’s stock worth $1,584,000 after acquiring an additional 1,357 shares during the last quarter. Advisors Asset Management Inc. raised its stake in H&R Block by 176.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock valued at $172,000 after acquiring an additional 1,730 shares during the period. Cerity Partners LLC lifted its holdings in H&R Block by 47.8% during the 3rd quarter. Cerity Partners LLC now owns 132,663 shares of the company’s stock valued at $8,431,000 after purchasing an additional 42,934 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in H&R Block by 7.8% during the third quarter. Kingsview Wealth Management LLC now owns 5,667 shares of the company’s stock worth $360,000 after purchasing an additional 410 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Trading Down 1.0 %

Shares of H&R Block stock opened at $52.57 on Wednesday. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The stock has a market cap of $7.04 billion, a PE ratio of 14.48, a PEG ratio of 0.80 and a beta of 0.65. The firm has a 50-day moving average of $53.34 and a 200-day moving average of $57.01. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73.

H&R Block (NYSE:HRB) last released 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, sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio is presently 41.32%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HRB. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th.

About H&R Block

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.