Alberta Investment Management Corp Increases Position in H&R Block, Inc. (NYSE:HRB)

Alberta Investment Management Corp raised its position in H&R Block, Inc. (NYSE:HRB) by 50.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,000 shares of the company’s stock after purchasing an additional 30,100 shares during the quarter. Alberta Investment Management Corp’s holdings in H&R Block were worth $4,756,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Eastern Bank purchased a new stake in shares of H&R Block in the 3rd quarter valued at approximately $25,000. Endeavor Private Wealth Inc. acquired a new stake in H&R Block during the 4th quarter worth $27,000. Spire Wealth Management acquired a new stake in H&R Block during the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of H&R Block in the 4th quarter worth $29,000. Finally, Bogart Wealth LLC lifted its stake in shares of H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Performance

Shares of NYSE:HRB opened at $52.44 on Thursday. The stock has a market capitalization of $7.02 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a 1-year low of $45.64 and a 1-year high of $68.45. The business has a 50-day moving average price of $53.92 and a two-hundred day moving average price of $58.43. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.86%. 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 recently issued reports on HRB shares. Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a report 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.