Argyle Capital Management LLC Has $1.23 Million Stock Position in H&R Block, Inc. (NYSE:HRB)

Argyle Capital Management LLC lifted its stake in H&R Block, Inc. (NYSE:HRB) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,233 shares of the company’s stock after buying an additional 1,283 shares during the period. Argyle Capital Management LLC’s holdings in H&R Block were worth $1,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC bought a new stake in H&R Block in the fourth quarter valued at $2,080,000. NewEdge Wealth LLC boosted its stake in shares of H&R Block by 11.5% in the 4th quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company’s stock valued at $57,897,000 after purchasing an additional 113,216 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of H&R Block by 28.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 41,801 shares of the company’s stock worth $2,209,000 after purchasing an additional 9,373 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of H&R Block by 122.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 216,165 shares of the company’s stock worth $11,422,000 after purchasing an additional 118,857 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of H&R Block by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,684,738 shares of the company’s stock worth $89,022,000 after purchasing an additional 47,920 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Stock Performance

Shares of NYSE:HRB opened at $53.33 on Friday. The business has a fifty day moving average of $53.74 and a 200-day moving average of $58.32. The firm has a market cap of $7.14 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly earnings data 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 net margin of 14.71% and a negative return on equity of 179.15%. On average, equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 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.