Charles Schwab Investment Management Inc. Has $275.80 Million Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Charles Schwab Investment Management Inc. grew its stake in shares of H&R Block, Inc. (NYSE:HRB) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 5,219,462 shares of the company’s stock after acquiring an additional 282,633 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in H&R Block were worth $275,796,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HRB. Janney Montgomery Scott LLC acquired a new position in shares of H&R Block in the third quarter worth about $4,202,000. Harbor Capital Advisors Inc. purchased a new stake in shares of H&R Block in the 3rd quarter valued at approximately $40,000. Forum Financial Management LP acquired a new position in H&R Block in the 3rd quarter worth approximately $208,000. QRG Capital Management Inc. boosted its stake in H&R Block by 5.0% in the 3rd quarter. QRG Capital Management Inc. now owns 22,960 shares of the company’s stock worth $1,459,000 after purchasing an additional 1,086 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in H&R Block during the 3rd quarter worth approximately $1,240,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. 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 H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

H&R Block Stock Performance

Shares of HRB opened at $52.20 on Thursday. The company has a market capitalization of $6.99 billion, a PE ratio of 14.38, a PEG ratio of 0.80 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The company’s 50 day moving average price is $53.68 and its 200 day moving average price is $58.22. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly 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%. Research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is currently 41.32%.

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.