Leuthold Group LLC Acquires New Stake in H&R Block, Inc. (NYSE:HRB)

Leuthold Group LLC bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 73,669 shares of the company’s stock, valued at approximately $3,893,000.

Several other hedge funds also recently made changes to their positions in HRB. Eastern Bank acquired a new position in H&R Block in the third quarter worth approximately $25,000. Bogart Wealth LLC boosted its stake in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block in the 4th quarter worth $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block during the fourth quarter worth $28,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of H&R Block during the third quarter valued at $34,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Price Performance

HRB opened at $52.29 on Friday. The firm 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 stock has a fifty day moving average of $53.78 and a 200-day moving average of $58.37. The company has a quick ratio of 0.73, a current 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.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) 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%. Equities analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a dividend of $0.375 per share. 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 presently 41.32%.

Wall Street Analysts Forecast Growth

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

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.