Huber Capital Management LLC Has $1.23 Million Position in H&R Block, Inc. (NYSE:HRB)

Huber Capital Management LLC raised its stake in H&R Block, Inc. (NYSE:HRB) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,200 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Huber Capital Management LLC’s holdings in H&R Block were worth $1,226,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its stake in H&R Block by 4.2% during the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after buying an additional 198 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of H&R Block by 5.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock valued at $270,000 after purchasing an additional 221 shares during the period. CIBC Asset Management Inc boosted its stake in H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock worth $225,000 after acquiring an additional 222 shares during the last quarter. US Bancorp DE boosted its position in shares of H&R Block by 1.9% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the company’s stock worth $653,000 after purchasing an additional 233 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Trading Up 0.6 %

Shares of H&R Block stock opened at $56.66 on Thursday. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The stock has a market cap of $7.58 billion, a PE ratio of 15.61, a PEG ratio of 0.80 and a beta of 0.65. The firm has a 50-day moving average of $53.35 and a 200-day moving average of $56.71. 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 (NYSE:HRB) last posted 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%. As a group, sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.65%. H&R Block’s payout ratio is 41.32%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HRB. Barrington Research restated 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 cut H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

H&R Block Company Profile

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.