H&R Block, Inc. (NYSE:HRB) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,103 shares of the company’s stock after acquiring an additional 4,348 shares during the quarter. PNC Financial Services Group Inc.’s holdings in H&R Block were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of H&R Block during the 4th quarter worth approximately $2,805,000. SageView Advisory Group LLC purchased a new position in shares of H&R Block during the 4th quarter worth approximately $439,000. Richardson Financial Services Inc. purchased a new position in shares of H&R Block during the 4th quarter worth approximately $37,000. EP Wealth Advisors LLC purchased a new position in shares of H&R Block during the 4th quarter worth approximately $207,000. Finally, Optimist Retirement Group LLC purchased a new position in shares of H&R Block during the 4th quarter worth approximately $2,503,000. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Barrington Research raised their price objective on H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th.

H&R Block Stock Performance

H&R Block stock opened at $53.17 on Monday. H&R Block, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $54.21. The stock has a fifty day moving average of $50.05 and a two-hundred day moving average of $48.34. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.99 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, May 9th. The company reported $4.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.28. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the firm earned $4.20 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, analysts forecast that H&R Block, Inc. will post 4.29 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, June 5th. H&R Block’s dividend payout ratio (DPR) is 29.29%.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.