Retirement Systems of Alabama Raises Stake in H&R Block, Inc. (NYSE:HRB)

Retirement Systems of Alabama raised its position in H&R Block, Inc. (NYSE:HRB) by 17.5% during the fourth quarter, HoldingsChannel reports. The firm owned 384,026 shares of the company’s stock after buying an additional 57,219 shares during the quarter. Retirement Systems of Alabama’s holdings in H&R Block were worth $20,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank purchased a new position in H&R Block in the third quarter valued at $25,000. Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block in the 4th quarter valued at about $27,000. Spire Wealth Management purchased a new position in shares of H&R Block in the 4th quarter valued at about $28,000. Bogart Wealth LLC raised its position in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in H&R Block during the third quarter worth approximately $34,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Down 0.5 %

Shares of NYSE HRB opened at $54.10 on Friday. The business has a 50-day moving average price of $54.86 and a 200 day moving average price of $58.71. The stock has a market cap of $7.41 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52-week low of $42.28 and a 52-week high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. Equities research analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.77%. H&R Block’s payout ratio is 36.59%.

Analyst Ratings Changes

HRB has been the topic of several recent analyst reports. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday. Barrington Research reiterated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research note on Wednesday.

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.