Mendota Financial Group LLC Acquires New Stake in H&R Block, Inc. (NYSE:HRB)

Mendota Financial Group LLC bought a new position in shares of H&R Block, Inc. (NYSE:HRB) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,199 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors also recently modified their holdings of HRB. Charles Schwab Investment Management Inc. grew its holdings in shares of H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after acquiring an additional 255,354 shares in the last quarter. Pacer Advisors Inc. boosted its position in H&R Block by 52.2% during the second quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock valued at $148,492,000 after purchasing an additional 939,270 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in H&R Block by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,484,417 shares of the company’s stock valued at $134,726,000 after purchasing an additional 23,792 shares in the last quarter. AQR Capital Management LLC increased its position in shares of H&R Block by 39.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company’s stock worth $115,418,000 after purchasing an additional 606,250 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of H&R Block by 1,630.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock worth $49,395,000 after purchasing an additional 732,359 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

H&R Block Stock Up 1.9 %

Shares of HRB stock opened at $54.65 on Tuesday. H&R Block, Inc. has a 52-week low of $42.28 and a 52-week high of $68.45. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.86 and a beta of 0.69. The firm’s 50-day moving average is $56.63 and its 200-day moving average is $58.78. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

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

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.74%. H&R Block’s dividend payout ratio (DPR) is 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.