H&R Block, Inc. (NYSE:HRB) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in H&R Block, Inc. (NYSE:HRB) by 39.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,006 shares of the company’s stock after purchasing an additional 10,113 shares during the period. Commonwealth Equity Services LLC’s holdings in H&R Block were worth $1,903,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in H&R Block in the 4th quarter valued at about $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block in the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of H&R Block in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of H&R Block by 52.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Up 0.3 %

Shares of NYSE:HRB opened at $54.12 on Friday. The firm has a 50 day simple moving average of $53.26 and a 200 day simple moving average of $56.90. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. 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 $7.24 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65.

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

H&R Block Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HRB. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

About H&R Block

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.