KLP Kapitalforvaltning AS Acquires New Holdings in H&R Block, Inc. (NYSE:HRB)

KLP Kapitalforvaltning AS bought a new position in H&R Block, Inc. (NYSE:HRB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 59,900 shares of the company’s stock, valued at approximately $3,184,000.

Several other hedge funds also recently modified their holdings of the business. Pathstone Holdings LLC raised its holdings in H&R Block by 5.8% during the third quarter. Pathstone Holdings LLC now owns 24,891 shares of the company’s stock valued at $1,584,000 after buying an additional 1,357 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of H&R Block by 176.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock worth $172,000 after acquiring an additional 1,730 shares in the last quarter. Cerity Partners LLC raised its stake in shares of H&R Block by 47.8% in the 3rd quarter. Cerity Partners LLC now owns 132,663 shares of the company’s stock valued at $8,431,000 after acquiring an additional 42,934 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in H&R Block by 7.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,667 shares of the company’s stock worth $360,000 after purchasing an additional 410 shares during the last quarter. Finally, Swedbank AB grew its holdings in H&R Block by 32.1% during the third quarter. Swedbank AB now owns 285,382 shares of the company’s stock valued at $18,136,000 after purchasing an additional 69,414 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of NYSE HRB opened at $54.08 on Thursday. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The company has a market cap of $7.24 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.80 and a beta of 0.65. The business’s 50 day moving average is $53.31 and its two-hundred day moving average is $56.99. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently announced 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. This represents a $1.50 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

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.