Leuthold Group LLC Makes New $3.89 Million Investment in H&R Block, Inc. (NYSE:HRB)

Leuthold Group LLC purchased a new stake in H&R Block, Inc. (NYSE:HRBFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 73,669 shares of the company’s stock, valued at approximately $3,893,000. Leuthold Group LLC owned approximately 0.05% of H&R Block as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning increased its position in H&R Block by 86.6% during the 3rd quarter. Creative Planning now owns 86,175 shares of the company’s stock worth $5,476,000 after purchasing an additional 39,990 shares in the last quarter. Raymond James & Associates boosted its stake in shares of H&R Block by 0.6% during the 3rd quarter. Raymond James & Associates now owns 163,525 shares of the company’s stock worth $10,392,000 after purchasing an additional 1,024 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of H&R Block by 329.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 119,394 shares of the company’s stock worth $7,587,000 after buying an additional 91,604 shares in the last quarter. Eastern Bank acquired a new position in shares of H&R Block in the third quarter valued at approximately $25,000. Finally, International Assets Investment Management LLC acquired a new position in shares of H&R Block in the third quarter valued at approximately $15,750,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Down 0.2 %

HRB stock opened at $52.29 on Friday. The firm has a 50 day simple moving average of $53.78 and a 200-day simple moving average of $58.37. The company has a market capitalization of $7.00 billion, a P/E ratio of 14.40, a PEG ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRBGet Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. On average, equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s dividend payout ratio is currently 41.32%.

Analyst Ratings Changes

A number of brokerages have recently 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 restated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

Read Our Latest Stock Analysis on HRB

H&R Block Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block, Inc. (NYSE:HRBFree Report).

Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

Receive News & Ratings for H&R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block and related companies with MarketBeat.com's FREE daily email newsletter.