Endeavor Private Wealth Inc. Buys New Shares in H&R Block, Inc. (NYSE:HRB)

Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 500 shares of the company’s stock, valued at approximately $27,000.

Several other large investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its holdings in shares of H&R Block by 1,630.9% during the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock worth $49,395,000 after purchasing an additional 732,359 shares during the period. AQR Capital Management LLC increased its stake in shares of H&R Block by 39.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company’s stock valued at $115,418,000 after purchasing an additional 606,250 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of H&R Block by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after buying an additional 255,354 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after acquiring an additional 156,856 shares during the period. Finally, Bridgewater Associates LP raised its position in shares of H&R Block by 96.4% during the 3rd quarter. Bridgewater Associates LP now owns 309,664 shares of the company’s stock worth $19,679,000 after purchasing an additional 151,978 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

NYSE:HRB opened at $53.26 on Thursday. The company’s 50-day moving average is $55.79 and its two-hundred day moving average is $58.74. H&R Block, Inc. has a 1-year low of $42.28 and a 1-year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.83 and a beta of 0.69.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The business had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same quarter in the prior year, the company posted ($1.05) earnings per share. Analysts forecast that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Thursday, December 5th. H&R Block’s payout ratio is 36.59%.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research note on Friday, November 8th.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.