Kendall Capital Management Purchases 6,990 Shares of H&R Block, Inc. (NYSE:HRB)

Kendall Capital Management boosted its stake in H&R Block, Inc. (NYSE:HRB) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,535 shares of the company’s stock after acquiring an additional 6,990 shares during the period. Kendall Capital Management’s holdings in H&R Block were worth $2,776,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block during the 4th quarter worth approximately $27,000. Spire Wealth Management acquired a new position in shares of H&R Block during the fourth quarter worth approximately $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of H&R Block during the fourth quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in shares of H&R Block during the third quarter worth approximately $34,000. Finally, GAMMA Investing LLC raised 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 purchasing an additional 258 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

Shares of HRB stock opened at $55.52 on Friday. The firm has a market cap of $7.43 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The business’s 50 day moving average price is $53.66 and its 200-day moving average price is $58.01. 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) 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%. On average, equities research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

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 paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is presently 41.32%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HRB. Barrington Research reaffirmed 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 lowered H&R Block from a “buy” rating to a “hold” rating in a research 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.