Arrowstreet Capital Limited Partnership Has $108.36 Million Stake in H&R Block, Inc. (NYSE:HRB)

Arrowstreet Capital Limited Partnership grew its holdings in H&R Block, Inc. (NYSE:HRB) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,050,678 shares of the company’s stock after purchasing an additional 232,095 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.50% of H&R Block worth $108,358,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Endeavor Private Wealth Inc. acquired a new stake in H&R Block in the 4th quarter valued at approximately $27,000. Spire Wealth Management bought a new stake in shares of H&R Block in the fourth quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of H&R Block in the fourth quarter worth $29,000. GAMMA Investing LLC increased its position in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in H&R Block by 52.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after purchasing an additional 289 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HRB has been the topic of several research reports. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th.

H&R Block Stock Up 0.3 %

HRB opened at $54.12 on Monday. The company has a market capitalization of $7.24 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.80 and a beta of 0.65. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s fifty day moving average price is $53.26 and its two-hundred day moving average price is $56.82. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB) last released 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 anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.77%. H&R Block’s dividend payout ratio (DPR) is presently 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.