Amundi Grows Holdings in H&R Block, Inc. (NYSE:HRB)

Amundi raised its position in shares of H&R Block, Inc. (NYSE:HRB) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,240 shares of the company’s stock after purchasing an additional 1,307 shares during the quarter. Amundi owned 0.06% of H&R Block worth $4,738,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HRB. CIBC Asset Management Inc lifted its stake 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 in the last quarter. State of Alaska Department of Revenue lifted its position in shares of H&R Block by 26.8% in 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 acquiring an additional 12,390 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of H&R Block in the third quarter worth about $1,821,000. Algert Global LLC boosted its stake in shares of H&R Block by 413.1% in the third quarter. Algert Global LLC now owns 72,110 shares of the company’s stock worth $4,583,000 after acquiring an additional 58,057 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after purchasing an additional 255,354 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Performance

NYSE HRB opened at $50.24 on Friday. 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, Inc. has a 1-year low of $45.87 and a 1-year high of $68.45. The business has a 50 day simple moving average of $53.56 and a two-hundred day simple moving average of $57.59. The stock has a market capitalization of $6.72 billion, a PE ratio of 13.84, a P/E/G ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last announced its quarterly earnings results 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%. On average, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.99%. H&R Block’s dividend payout ratio is currently 41.32%.

Wall Street Analyst Weigh In

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

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.