Journey Strategic Wealth LLC Takes $293,000 Position in H&R Block, Inc. (NYSE:HRB)

Journey Strategic Wealth LLC acquired a new stake in H&R Block, Inc. (NYSE:HRB) in the 4th quarter, HoldingsChannel reports. The fund acquired 5,549 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors also recently added to or reduced their stakes in HRB. Eastern Bank purchased a new stake in shares of H&R Block during the 3rd quarter worth approximately $25,000. Bogart Wealth LLC increased its stake in H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Endeavor Private Wealth Inc. acquired a new position in H&R Block in the 4th quarter valued at $27,000. Darwin Wealth Management LLC purchased a new stake in shares of H&R Block during the 3rd quarter worth $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of H&R Block during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Monday, January 27th.

H&R Block Price Performance

Shares of NYSE HRB opened at $55.79 on Tuesday. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.84 and a beta of 0.69. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The company’s 50-day moving average price is $55.17 and its 200 day moving average price is $58.78. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The business had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period in the previous year, the company posted ($1.05) earnings per share. As a group, research 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were paid a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.69%. H&R Block’s payout ratio is 36.59%.

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.