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

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

Several other institutional investors and hedge funds have also recently made changes to their positions in HRB. Eastern Bank bought a new stake in H&R Block in the 3rd quarter worth $25,000. Endeavor Private Wealth Inc. bought a new stake in shares of H&R Block in the fourth quarter worth about $27,000. Spire Wealth Management purchased a new position in H&R Block during the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block during the 4th quarter valued at approximately $29,000. Finally, Bogart Wealth LLC raised its position in H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HRB. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

H&R Block Stock Up 0.5 %

HRB stock opened at $52.62 on Tuesday. H&R Block, Inc. has a fifty-two week low of $45.64 and a fifty-two week high of $68.45. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69. The business’s 50 day moving average price is $54.09 and its two-hundred day moving average price is $58.50. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73.

H&R Block (NYSE:HRB) last issued 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%. As a group, 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 will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.85%. The ex-dividend date is Tuesday, March 4th. H&R Block’s payout ratio is currently 41.32%.

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.