Global Assets Advisory LLC Takes Position in H&R Block, Inc. (NYSE:HRB)

Global Assets Advisory LLC purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,793 shares of the company’s stock, valued at approximately $874,000.

Several other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in H&R Block by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,469,698 shares of the company’s stock worth $119,463,000 after purchasing an additional 79,759 shares during the period. Norges Bank bought a new stake in shares of H&R Block in the fourth quarter worth $82,605,000. Pacer Advisors Inc. lifted its holdings in H&R Block by 0.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,574,162 shares of the company’s stock valued at $76,142,000 after acquiring an additional 14,268 shares during the period. NewEdge Wealth LLC boosted its position in H&R Block by 12.5% in the fourth quarter. NewEdge Wealth LLC now owns 1,133,994 shares of the company’s stock worth $54,851,000 after purchasing an additional 126,248 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of H&R Block by 415.0% during the 4th quarter. BNP Paribas Financial Markets now owns 782,288 shares of the company’s stock valued at $37,839,000 after purchasing an additional 630,384 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HRB has been the subject of several analyst reports. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Barrington Research raised their target price on shares of H&R Block from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th.

H&R Block Trading Up 0.7 %

NYSE:HRB opened at $53.67 on Thursday. H&R Block, Inc. has a 12-month low of $30.66 and a 12-month high of $54.21. The stock has a market capitalization of $7.49 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.99 and a beta of 0.69. The stock has a 50-day moving average price of $50.44 and a 200 day moving average price of $48.49.

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

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be given a $0.32 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.38%. H&R Block’s dividend payout ratio is currently 29.29%.

About H&R Block

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.