555 Shares in H&R Block, Inc. (NYSE:HRB) Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 555 shares of the company’s stock, valued at approximately $29,000.

Several other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of H&R Block by 5.5% in 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 during the last quarter. Pacer Advisors Inc. grew its stake in shares of H&R Block by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after purchasing an additional 476,892 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of H&R Block by 13.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock worth $46,748,000 after purchasing an additional 107,450 shares during the last quarter. JPMorgan Chase & Co. boosted its position in H&R Block by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock valued at $47,935,000 after acquiring an additional 25,234 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of H&R Block by 29.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after acquiring an additional 156,856 shares during the period. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Down 0.4 %

HRB stock opened at $52.40 on Wednesday. H&R Block, Inc. has a fifty-two week low of $45.64 and a fifty-two week high of $68.45. The business’s 50 day moving average price is $54.49 and its two-hundred day moving average price is $58.66. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted 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%. As a group, analysts forecast that H&R Block, Inc. will post 5.27 earnings per share 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 paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.86%. H&R Block’s payout ratio is currently 41.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th.

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.