Independence Bank of Kentucky Takes Position in H&R Block, Inc. (NYSE:HRB)

Independence Bank of Kentucky purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HRB. Eastern Bank bought a new stake in shares of H&R Block in the 3rd quarter worth $25,000. Endeavor Private Wealth Inc. purchased a new stake in H&R Block in the 4th quarter valued at about $27,000. Bogart Wealth LLC lifted its position in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of H&R Block in the 3rd quarter worth approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of H&R Block in the third quarter valued at approximately $35,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

H&R Block Stock Performance

NYSE HRB opened at $55.42 on Monday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $7.60 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.83 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 has a 50-day simple moving average of $55.24 and a 200 day simple moving average of $58.78.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The company had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. During the same period last year, the firm posted ($1.05) EPS. On average, research analysts predict that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Dividend Announcement

The company 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. This represents a $1.50 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Thursday, December 5th. H&R Block’s dividend payout ratio is currently 36.59%.

H&R Block 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.