CIBC Private Wealth Group LLC Grows Position in H&R Block, Inc. (NYSE:HRB)

CIBC Private Wealth Group LLC boosted its stake in H&R Block, Inc. (NYSE:HRB) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,646 shares of the company’s stock after buying an additional 263 shares during the period. CIBC Private Wealth Group LLC’s holdings in H&R Block were worth $144,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block in the 4th quarter worth approximately $27,000. Spire Wealth Management acquired a new position in H&R Block during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. acquired a new position in H&R Block during the fourth quarter worth $29,000. GAMMA Investing LLC boosted its position in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after buying an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Down 1.5 %

NYSE:HRB opened at $54.68 on Tuesday. The stock has a fifty day moving average price of $53.50 and a 200 day moving average price of $56.50. 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, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The firm has a market cap of $7.32 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39.

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

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block’s dividend payout ratio is presently 41.32%.

Analyst Upgrades and Downgrades

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

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.