Blueshift Asset Management LLC Takes Position in H&R Block, Inc. (NYSE:HRB)

Blueshift Asset Management LLC acquired a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 17,081 shares of the company’s stock, valued at approximately $903,000.

Other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block during the 4th quarter valued at about $27,000. Spire Wealth Management bought a new position in shares of H&R Block during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC bought a new position in shares of H&R Block during the 3rd quarter valued at about $34,000. Newbridge Financial Services Group Inc. bought a new stake in H&R Block in the 4th quarter valued at approximately $29,000. Finally, GAMMA Investing LLC lifted its stake in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

H&R Block Trading Up 1.5 %

NYSE HRB opened at $52.85 on Thursday. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The stock’s 50 day moving average price is $53.48 and its two-hundred day moving average price is $57.35. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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%. As a group, analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is presently 41.32%.

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.