Colonial River Investments LLC Buys 268 Shares of H&R Block, Inc. (NYSE:HRB)

Colonial River Investments LLC raised its stake in shares of H&R Block, Inc. (NYSE:HRB) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,860 shares of the company’s stock after purchasing an additional 268 shares during the period. Colonial River Investments LLC’s holdings in H&R Block were worth $204,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Raymond James & Associates grew its holdings in 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 acquiring an additional 1,024 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in H&R Block by 329.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 119,394 shares of the company’s stock worth $7,587,000 after acquiring an additional 91,604 shares during the period. International Assets Investment Management LLC acquired a new stake in H&R Block during the 3rd quarter worth about $15,750,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in H&R Block by 11.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,421 shares of the company’s stock worth $5,500,000 after acquiring an additional 9,130 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in H&R Block by 61.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,641 shares of the company’s stock worth $1,629,000 after acquiring an additional 9,773 shares during the period. 90.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

H&R Block Stock Performance

Shares of HRB opened at $53.52 on Tuesday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a 50-day moving average of $53.75 and a 200-day moving average of $58.41. The company has a market cap of $7.16 billion, a PE ratio of 14.74, a P/E/G ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate 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, equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.80%. H&R Block’s dividend payout ratio is presently 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.