Mirae Asset Global Investments Co. Ltd. Acquires 3,405 Shares of H&R Block, Inc. (NYSE:HRB)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in H&R Block, Inc. (NYSE:HRB) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,258 shares of the company’s stock after acquiring an additional 3,405 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in H&R Block were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC increased its holdings in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock worth $28,000 after buying an additional 600 shares during the period. Ronald Blue Trust Inc. grew its stake in H&R Block by 129.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,077 shares of the company’s stock valued at $46,000 after buying an additional 608 shares during the last quarter. HM Payson & Co. bought a new position in H&R Block in the 3rd quarter valued at about $50,000. Finally, Acadian Asset Management LLC acquired a new stake in H&R Block during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HRB shares. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group increased their price objective on H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a research report on Wednesday, February 7th.

Insider Buying and Selling at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the completion of the transaction, the chief executive officer now directly owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

H&R Block Stock Up 1.0 %

Shares of H&R Block stock opened at $47.29 on Tuesday. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. H&R Block, Inc. has a twelve month low of $28.83 and a twelve month high of $52.90. The company has a 50-day simple moving average of $47.70 and a two-hundred day simple moving average of $46.30.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The company had revenue of $179.10 million during the quarter, compared to the consensus estimate of $169.45 million. During the same period in the previous year, the business earned ($1.37) earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that H&R Block, Inc. will post 4.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.71%. H&R Block’s payout ratio is 35.26%.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.