Plato Investment Management Ltd Raises Holdings in H&R Block, Inc. (NYSE:HRB)

Plato Investment Management Ltd lifted its position in shares of H&R Block, Inc. (NYSE:HRB) by 2,225.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,814 shares of the company’s stock after acquiring an additional 3,650 shares during the quarter. Plato Investment Management Ltd’s holdings in H&R Block were worth $202,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HRB. Endeavor Private Wealth Inc. bought a new position in H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block during the 4th quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the 4th quarter worth approximately $29,000. Darwin Wealth Management LLC purchased a new position in H&R Block in the 3rd quarter valued at approximately $34,000. Finally, GAMMA Investing LLC raised its holdings in H&R Block by 64.5% during 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 during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HRB. StockNews.com lowered 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 price target on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Trading Down 2.3 %

H&R Block stock opened at $52.37 on Wednesday. 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, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The stock has a market cap of $7.01 billion, a P/E ratio of 14.43, a PEG ratio of 0.80 and a beta of 0.69. The firm’s fifty day moving average price is $53.71 and its 200-day moving average price is $58.30.

H&R Block (NYSE:HRB) last released 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 net margin of 14.71% and a negative return on equity of 179.15%. Equities research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given 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 2.86%. H&R Block’s payout ratio is presently 41.32%.

About H&R Block

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.