Inceptionr LLC Grows Stock Position in H&R Block, Inc. (NYSE:HRB)

Inceptionr LLC grew its position in H&R Block, Inc. (NYSE:HRB) by 23.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,169 shares of the company’s stock after acquiring an additional 2,542 shares during the quarter. Inceptionr LLC’s holdings in H&R Block were worth $696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc lifted its position in shares of H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock valued at $225,000 after acquiring an additional 222 shares in the last quarter. State of Alaska Department of Revenue lifted its position in H&R Block by 26.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company’s stock worth $3,097,000 after buying an additional 12,390 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in H&R Block during the third quarter worth approximately $1,821,000. Algert Global LLC lifted its position in H&R Block by 413.1% during the third quarter. Algert Global LLC now owns 72,110 shares of the company’s stock worth $4,583,000 after buying an additional 58,057 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after buying an additional 255,354 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

HRB stock opened at $55.52 on Friday. The business has a fifty day moving average of $53.62 and a two-hundred day moving average of $58.14. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) 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, research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.70%. H&R Block’s dividend payout ratio (DPR) is 41.32%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HRB. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th.

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.