SRS Capital Advisors Inc. Purchases 1,455 Shares of H&R Block, Inc. (NYSE:HRB)

SRS Capital Advisors Inc. boosted its position in shares of H&R Block, Inc. (NYSE:HRB) by 111.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,755 shares of the company’s stock after purchasing an additional 1,455 shares during the quarter. SRS Capital Advisors Inc.’s holdings in H&R Block were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of H&R Block by 1.9% in the 4th quarter. US Bancorp DE now owns 12,358 shares of the company’s stock valued at $653,000 after purchasing an additional 233 shares during the period. Argyle Capital Management LLC lifted its stake in H&R Block by 5.8% in the fourth quarter. Argyle Capital Management LLC now owns 23,233 shares of the company’s stock valued at $1,228,000 after buying an additional 1,283 shares during the period. Proficio Capital Partners LLC acquired a new position in H&R Block in the fourth quarter valued at about $2,080,000. NewEdge Wealth LLC boosted its holdings in H&R Block by 11.5% during the fourth quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company’s stock worth $57,897,000 after buying an additional 113,216 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of H&R Block by 28.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 41,801 shares of the company’s stock worth $2,209,000 after buying an additional 9,373 shares during the period. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HRB shares. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

H&R Block Stock Performance

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

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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, analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

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

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.