CIBC Asset Management Inc Acquires 222 Shares of H&R Block, Inc. (NYSE:HRB)

CIBC Asset Management Inc raised its holdings in H&R Block, Inc. (NYSE:HRB) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,263 shares of the company’s stock after purchasing an additional 222 shares during the quarter. CIBC Asset Management Inc’s holdings in H&R Block were worth $225,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 255,354 shares during the period. Pacer Advisors Inc. grew its stake in shares of H&R Block by 21.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after purchasing an additional 476,892 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of H&R Block by 13.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock worth $46,748,000 after purchasing an additional 107,450 shares during the period. JPMorgan Chase & Co. grew its stake in shares of H&R Block by 3.5% during 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after purchasing an additional 156,856 shares during the period. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Up 1.2 %

NYSE:HRB opened at $54.17 on Wednesday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $7.25 billion, a PE ratio of 14.92, a PEG ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The stock has a 50-day simple moving average of $53.74 and a 200 day simple moving average of $58.39.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. On average, sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.77%. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barrington Research restated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

H&R Block Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.