New Age Alpha Advisors LLC Makes New $1.64 Million Investment in H&R Block, Inc. (NYSE:HRB)

New Age Alpha Advisors LLC acquired a new stake in H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,111 shares of the company’s stock, valued at approximately $1,644,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in H&R Block by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 14,253,276 shares of the company’s stock valued at $753,143,000 after purchasing an additional 35,945 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of H&R Block by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock valued at $275,796,000 after buying an additional 282,633 shares during the last quarter. Boston Partners lifted its stake in shares of H&R Block by 58.5% during the fourth quarter. Boston Partners now owns 4,500,552 shares of the company’s stock valued at $237,814,000 after buying an additional 1,660,319 shares during the period. Pacer Advisors Inc. boosted its position in H&R Block by 21.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after acquiring an additional 476,892 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in H&R Block by 2.9% in 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 acquiring an additional 47,920 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Stock Up 0.3 %

Shares of NYSE HRB opened at $54.12 on Monday. The stock has a market capitalization of $7.24 billion, a PE ratio of 14.91, a P/E/G ratio of 0.80 and a beta of 0.65. 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 firm has a fifty day moving average of $53.26 and a 200-day moving average of $56.82. 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 quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (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, analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.77%. H&R Block’s payout ratio is 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.