H&R Block, Inc. (NYSE:HRB) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,512 shares of the company’s stock after purchasing an additional 338 shares during the period. Arizona State Retirement System’s holdings in H&R Block were worth $2,141,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HRB. Boston Trust Walden Corp acquired a new position in shares of H&R Block during the fourth quarter valued at $25,552,000. Pacer Advisors Inc. grew its holdings in H&R Block by 21.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after acquiring an additional 476,892 shares during the period. Charles Schwab Investment Management Inc. raised its position in H&R Block by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock worth $275,796,000 after acquiring an additional 282,633 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in H&R Block by 105.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company’s stock worth $24,999,000 after acquiring an additional 243,100 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new stake in H&R Block in the fourth quarter worth about $10,230,000. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

NYSE HRB opened at $56.05 on Tuesday. The stock’s 50-day moving average price is $53.74 and its two-hundred day moving average price is $57.91. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a market cap of $7.50 billion, a PE ratio of 15.44, a PEG ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45.

H&R Block (NYSE:HRB) last posted 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%. On average, analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.68%. H&R Block’s payout ratio is presently 41.32%.

Analysts Set New Price Targets

HRB has been the topic of several research reports. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Company 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.