Range Financial Group LLC Boosts Stake in H&R Block, Inc. (NYSE:HRB)

Range Financial Group LLC increased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 232.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,645 shares of the company’s stock after acquiring an additional 10,239 shares during the period. Range Financial Group LLC’s holdings in H&R Block were worth $774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Diversified Trust Co purchased a new position in H&R Block in the fourth quarter worth about $559,000. CWA Asset Management Group LLC grew its stake in shares of H&R Block by 46.8% during the 4th quarter. CWA Asset Management Group LLC now owns 16,887 shares of the company’s stock valued at $892,000 after purchasing an additional 5,380 shares during the period. Nordea Investment Management AB grew its position in H&R Block by 6.0% during the fourth quarter. Nordea Investment Management AB now owns 118,616 shares of the company’s stock valued at $6,258,000 after buying an additional 6,701 shares during the period. GAMMA Investing LLC increased its stake in shares of H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of H&R Block by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock worth $47,935,000 after buying an additional 25,234 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, November 8th.

H&R Block Price Performance

H&R Block stock traded up $0.52 during midday trading on Tuesday, reaching $53.61. 1,165,641 shares of the stock traded hands, compared to its average volume of 1,016,912. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.35 billion, a P/E ratio of 13.08, a PEG ratio of 0.86 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The stock’s fifty day moving average is $57.23 and its 200-day moving average is $58.75.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The company had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. During the same quarter in the prior year, the business posted ($1.05) EPS. As a group, equities research analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, December 5th. H&R Block’s payout ratio is currently 36.59%.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.