JPMorgan Chase & Co. Boosts Stake in H&R Block, Inc. (NYSE:HRB)

JPMorgan Chase & Co. boosted its position in shares of H&R Block, Inc. (NYSE:HRB) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 754,287 shares of the company’s stock after buying an additional 25,234 shares during the period. JPMorgan Chase & Co. owned 0.55% of H&R Block worth $47,935,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HRB. Point72 Asset Management L.P. acquired a new position in shares of H&R Block in the 3rd quarter valued at $1,821,000. Algert Global LLC raised its holdings in shares of H&R Block by 413.1% in the third quarter. Algert Global LLC now owns 72,110 shares of the company’s stock valued at $4,583,000 after buying an additional 58,057 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after buying an additional 255,354 shares during the period. Caxton Associates LP grew its holdings in shares of H&R Block by 280.5% during the second quarter. Caxton Associates LP now owns 39,497 shares of the company’s stock worth $2,142,000 after buying an additional 29,117 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in H&R Block by 156.3% in the 2nd quarter. NewEdge Advisors LLC now owns 29,220 shares of the company’s stock valued at $1,585,000 after acquiring an additional 17,818 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Up 1.4 %

Shares of NYSE HRB opened at $53.83 on Friday. The firm’s 50-day moving average is $57.37 and its two-hundred day moving average is $58.71. The company has a market capitalization of $7.38 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69. H&R Block, Inc. has a 12-month low of $42.28 and a 12-month high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

H&R Block (NYSE:HRB) last announced its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million for the quarter, compared to analyst estimates of $188.78 million. During the same quarter last year, the company posted ($1.05) EPS. Equities analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be issued a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.79%. H&R Block’s dividend payout ratio (DPR) is 36.59%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Friday, November 8th.

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.