GAMMA Investing LLC Raises Stock Holdings in H&R Block, Inc. (NYSE:HRB)

GAMMA Investing LLC increased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 64.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 658 shares of the company’s stock after acquiring an additional 258 shares during the quarter. GAMMA Investing LLC’s holdings in H&R Block were worth $35,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HRB. Point72 Asset Management L.P. purchased a new stake in H&R Block during the third quarter valued at about $1,821,000. Algert Global LLC lifted its stake in H&R Block by 413.1% in the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company’s stock worth $4,583,000 after purchasing an additional 58,057 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after purchasing an additional 255,354 shares during the period. JPMorgan Chase & Co. increased its position in shares of H&R Block by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock worth $47,935,000 after purchasing an additional 25,234 shares during the last quarter. Finally, Caxton Associates LP raised its stake in H&R Block by 280.5% in the second quarter. Caxton Associates LP now owns 39,497 shares of the company’s stock valued at $2,142,000 after purchasing an additional 29,117 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

H&R Block Trading Up 0.5 %

NYSE HRB opened at $54.83 on Wednesday. The stock has a 50-day moving average of $56.63 and a 200-day moving average of $58.78. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 1-year low of $42.28 and a 1-year high of $68.45. The firm has a market cap of $7.51 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $193.81 million for the quarter, compared to the consensus estimate of $188.78 million. During the same period last year, the company posted ($1.05) earnings per share. As a group, sell-side analysts forecast that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were paid a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.74%. H&R Block’s payout ratio is 36.59%.

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.