12,813 Shares in H&R Block, Inc. (NYSE:HRB) Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new stake in shares of H&R Block, Inc. (NYSE:HRB) in the 4th quarter, HoldingsChannel reports. The fund bought 12,813 shares of the company’s stock, valued at approximately $677,000.

Several other institutional investors have also recently added to or reduced their stakes in HRB. CIBC Asset Management Inc grew its position in shares of H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock valued at $225,000 after buying an additional 222 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of H&R Block by 26.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company’s stock valued at $3,097,000 after purchasing an additional 12,390 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of H&R Block during the 3rd quarter worth approximately $1,821,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock worth $275,796,000 after purchasing an additional 282,633 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in H&R Block during the 4th quarter valued at approximately $10,725,000. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Up 0.3 %

Shares of H&R Block stock opened at $54.12 on Monday. H&R Block, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The company has a market capitalization of $7.24 billion, a P/E ratio of 14.91, a PEG ratio of 0.80 and a beta of 0.65. The business’s fifty day moving average price is $53.26 and its two-hundred day moving average price is $56.82. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73.

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 negative return on equity of 179.15% and a net margin of 14.71%. As a group, research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

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

Wall Street Analyst Weigh In

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

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.