Everett Harris & Co. CA Invests $264,000 in H&R Block, Inc. (NYSE:HRB)

Everett Harris & Co. CA bought a new stake in H&R Block, Inc. (NYSE:HRB) in the fourth quarter, Holdings Channel reports. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $264,000.

A number of other institutional investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. lifted its holdings in shares of H&R Block by 4.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after acquiring an additional 198 shares during the period. Rockland Trust Co. boosted its holdings in H&R Block by 1.2% during the third quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock valued at $1,072,000 after purchasing an additional 200 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of H&R Block by 5.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock valued at $270,000 after purchasing an additional 221 shares during the period. Bank of Montreal Can raised its holdings in shares of H&R Block by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock worth $1,327,000 after buying an additional 251 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Trading Down 0.0 %

HRB stock opened at $55.42 on Friday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.83 and a beta of 0.69. The business has a fifty day moving average price of $55.24 and a 200 day moving average price of $58.76. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (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 business had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. During the same period in the prior year, the firm earned ($1.05) earnings per share. Analysts expect that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.71%. H&R Block’s dividend payout ratio (DPR) is currently 36.59%.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research report on Monday, January 27th.

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.