15,477 Shares in H&R Block, Inc. (NYSE:HRB) Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,477 shares of the company’s stock, valued at approximately $818,000.

A number of other institutional investors also recently modified their holdings of the company. Eastern Bank acquired a new position in H&R Block during the 3rd quarter worth approximately $25,000. Bogart Wealth LLC grew its holdings in shares of 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 acquiring an additional 400 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in H&R Block during the fourth quarter valued at approximately $27,000. Spire Wealth Management acquired a new position in shares of H&R Block during the 4th quarter worth approximately $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of H&R Block in the 3rd quarter valued at approximately $34,000. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HRB has been the topic of a number of research analyst reports. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday. Barrington Research reaffirmed an “outperform” rating and set a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Price Performance

Shares of NYSE:HRB opened at $52.36 on Friday. H&R Block, Inc. has a 12 month low of $45.64 and a 12 month high of $68.45. The stock has a market capitalization of $7.01 billion, a PE ratio of 14.42, a PEG ratio of 0.82 and a beta of 0.69. The company has a current ratio of 0.73, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm has a 50 day moving average of $54.25 and a 200-day moving average of $58.56.

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

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a $0.375 dividend. 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 2.87%. H&R Block’s dividend payout ratio (DPR) is currently 41.32%.

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.