Stevens Capital Management LP Makes New Investment in H&R Block, Inc. (NYSE:HRB)

Stevens Capital Management LP bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 4,045 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block during the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of H&R Block in the 4th quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in shares of H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in H&R Block by 52.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after purchasing an additional 289 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have 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 issued a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Price Performance

HRB stock opened at $53.17 on Tuesday. The stock’s 50 day moving average price is $53.39 and its 200 day moving average price is $57.08. The firm has a market cap of $7.12 billion, a P/E ratio of 14.65, a PEG ratio of 0.80 and a beta of 0.65. 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 1 year low of $45.87 and a 1 year high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio is presently 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.