AMP Capital Investors Ltd boosted its holdings in H & R Block Inc (NYSE:HRB) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 442,382 shares of the company’s stock after buying an additional 77,940 shares during the period. AMP Capital Investors Ltd owned 0.21% of H & R Block worth $11,599,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Ffcm LLC bought a new position in shares of H & R Block during the 4th quarter valued at about $137,000. SeaCrest Wealth Management LLC bought a new position in shares of H & R Block during the 4th quarter valued at about $142,000. FDO Partners LLC bought a new position in shares of H & R Block during the 3rd quarter valued at about $203,000. Conning Inc. bought a new position in shares of H & R Block during the 4th quarter valued at about $208,000. Finally, Assetmark Inc. boosted its holdings in shares of H & R Block by 111.9% during the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock valued at $209,000 after purchasing an additional 4,170 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.
H & R Block Inc (HRB) opened at $27.19 on Wednesday. The company has a debt-to-equity ratio of -3.27, a current ratio of 1.93 and a quick ratio of 1.93. H & R Block Inc has a 1-year low of $22.16 and a 1-year high of $31.80. The company has a market cap of $5,680.00, a PE ratio of 22.47, a P/E/G ratio of 0.91 and a beta of 0.40.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Tuesday, March 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, March 12th. H & R Block’s payout ratio is 79.34%.
Several research firms have commented on HRB. BTIG Research reissued a “sell” rating and set a $21.00 price objective on shares of H & R Block in a report on Sunday. ValuEngine downgraded shares of H & R Block from a “buy” rating to a “hold” rating in a report on Friday, March 9th. Morgan Stanley reissued an “equal weight” rating and set a $28.00 price objective (up previously from $27.00) on shares of H & R Block in a report on Wednesday, March 7th. Northcoast Research raised shares of H & R Block from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $25.02 to $24.69 in a report on Monday, March 5th. Finally, BMO Capital Markets increased their price objective on shares of H & R Block from $2.75 to $31.00 and gave the company a “market perform” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. H & R Block presently has an average rating of “Hold” and a consensus price target of $27.67.
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H & R Block Profile
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.
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