Royce & Associates LP increased its position in shares of H&R Block, Inc. (NYSE:HRB – Free Report) by 47.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 316,067 shares of the company’s stock after acquiring an additional 101,511 shares during the quarter. Royce & Associates LP’s holdings in H&R Block were worth $13,774,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. increased its position in H&R Block by 45.8% during the fourth quarter. Harbour Investments Inc. now owns 12,139 shares of the company’s stock worth $529,000 after purchasing an additional 3,811 shares during the last quarter. Hantz Financial Services Inc. increased its position in H&R Block by 144.7% during the fourth quarter. Hantz Financial Services Inc. now owns 3,296 shares of the company’s stock worth $144,000 after purchasing an additional 1,949 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in H&R Block during the fourth quarter worth about $200,000. Jefferies Financial Group Inc. increased its position in H&R Block by 68.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 45,038 shares of the company’s stock worth $1,963,000 after purchasing an additional 18,225 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in H&R Block during the fourth quarter worth about $221,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.
H&R Block Stock Down 0.4%
Shares of HRB opened at $38.69 on Thursday. H&R Block, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $59.05. The firm’s 50 day moving average price is $33.23 and its 200 day moving average price is $37.02. The company has a market cap of $4.90 billion, a P/E ratio of 6.88, a PEG ratio of 0.60 and a beta of 0.29.
H&R Block Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, June 3rd. H&R Block’s payout ratio is 29.89%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on HRB shares. The Goldman Sachs Group cut their price objective on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a research report on Friday, February 6th. Weiss Ratings upgraded shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Zacks Research upgraded shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $50.00 price target on shares of H&R Block in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.
View Our Latest Analysis on H&R Block
About H&R Block
H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.
Founded in 1955 by brothers Henry W.
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