World Investment Advisors LLC Purchases New Position in H&R Block, Inc. (NYSE:HRB)

World Investment Advisors LLC acquired a new position in shares of H&R Block, Inc. (NYSE:HRB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,165 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of H&R Block by 54.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,868 shares of the company’s stock valued at $861,000 after acquiring an additional 5,571 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in H&R Block by 39.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,279 shares of the company’s stock worth $395,000 after purchasing an additional 2,048 shares during the period. Raymond James & Associates lifted its stake in H&R Block by 8.1% in the second quarter. Raymond James & Associates now owns 162,501 shares of the company’s stock worth $8,812,000 after purchasing an additional 12,217 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of H&R Block during the second quarter valued at approximately $257,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of H&R Block by 3.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 27,790 shares of the company’s stock valued at $1,507,000 after buying an additional 941 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, November 8th.

H&R Block Trading Up 0.7 %

NYSE HRB opened at $53.89 on Friday. The stock has a market cap of $7.39 billion, a PE ratio of 13.14, a PEG ratio of 0.86 and a beta of 0.66. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The company’s 50-day moving average price is $58.95 and its 200-day moving average price is $58.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same quarter in the prior year, the company earned ($1.05) earnings per share. Equities research analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be issued a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.78%. H&R Block’s dividend payout ratio is currently 36.59%.

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.