Strategic Financial Concepts LLC Takes $1.93 Million Position in H&R Block, Inc. (NYSE:HRB)

Strategic Financial Concepts LLC bought a new position in H&R Block, Inc. (NYSE:HRB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 36,536 shares of the company’s stock, valued at approximately $1,931,000.

A number of other hedge funds have also bought and sold shares of the business. Coldstream Capital Management Inc. grew its stake in shares of H&R Block by 4.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock valued at $309,000 after acquiring an additional 198 shares during the period. EP Wealth Advisors LLC grew its stake in shares of H&R Block by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock valued at $270,000 after acquiring an additional 221 shares during the period. GAMMA Investing LLC grew its stake in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after acquiring an additional 258 shares during the period. IHT Wealth Management LLC grew its stake in shares of H&R Block by 5.4% during the 3rd quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock valued at $355,000 after acquiring an additional 288 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 acquiring an additional 289 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Down 1.1 %

HRB stock opened at $52.61 on Tuesday. H&R Block, Inc. has a 1-year low of $45.64 and a 1-year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.77. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.82 and a beta of 0.69. The business has a 50 day simple moving average of $54.61 and a two-hundred day simple moving average of $58.69.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate 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%. Research analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.85%. H&R Block’s dividend payout ratio is currently 41.32%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HRB. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th.

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.