Wealth Enhancement Advisory Services LLC Has $1.37 Million Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Wealth Enhancement Advisory Services LLC raised its stake in H&R Block, Inc. (NYSE:HRB) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,972 shares of the company’s stock after purchasing an additional 331 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in H&R Block were worth $1,372,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HRB. Eastern Bank bought a new stake in H&R Block in the 3rd quarter valued at about $25,000. Bogart Wealth LLC grew its stake in H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of H&R Block during the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of H&R Block during the third quarter valued at approximately $35,000. Finally, GAMMA Investing LLC raised its position in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Price Performance

Shares of NYSE HRB opened at $55.48 on Thursday. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.86 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The firm’s 50-day simple moving average is $56.51 and its 200 day simple moving average is $58.78.

H&R Block (NYSE:HRB) last posted its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share 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 during the quarter, compared to the consensus estimate of $188.78 million. During the same quarter in the prior year, the business earned ($1.05) EPS. As a group, research analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders 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 dividend yield of 2.70%. H&R Block’s payout ratio is 36.59%.

Analyst Upgrades and Downgrades

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

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.