Colonial River Investments LLC Buys 268 Shares of H&R Block, Inc. (NYSE:HRB)

Colonial River Investments LLC lifted its stake in H&R Block, Inc. (NYSE:HRB) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,860 shares of the company’s stock after buying an additional 268 shares during the period. Colonial River Investments LLC’s holdings in H&R Block were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in shares of H&R Block in the fourth 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. Darwin Wealth Management LLC bought a new stake in H&R Block during the third quarter worth $34,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of H&R Block in the 4th quarter valued at $29,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of H&R Block in the 3rd quarter valued at $40,000. 90.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on HRB. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

H&R Block Trading Up 2.4 %

Shares of HRB stock opened at $53.52 on Tuesday. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The company has a market cap of $7.16 billion, a PE ratio of 14.74, a P/E/G ratio of 0.80 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s fifty day moving average price is $53.75 and its two-hundred day moving average price is $58.41.

H&R Block (NYSE:HRB) last announced its quarterly earnings results 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 net margin of 14.71% and a negative return on equity of 179.15%. Equities analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal 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. This represents a $1.50 annualized dividend and a yield of 2.80%. The ex-dividend date is Tuesday, March 4th. 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.