Arrowstreet Capital Limited Partnership Purchases 232,095 Shares of H&R Block, Inc. (NYSE:HRB)

Arrowstreet Capital Limited Partnership lifted its holdings in H&R Block, Inc. (NYSE:HRB) by 12.8% during the 4th quarter, Holdings Channel reports. The fund owned 2,050,678 shares of the company’s stock after acquiring an additional 232,095 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in H&R Block were worth $108,358,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock worth $225,000 after purchasing an additional 222 shares in the last quarter. State of Alaska Department of Revenue lifted its position in H&R Block by 26.8% during the 4th quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company’s stock worth $3,097,000 after buying an additional 12,390 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in H&R Block during the 3rd quarter worth about $1,821,000. Charles Schwab Investment Management Inc. increased its position in H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company’s stock valued at $275,796,000 after acquiring an additional 282,633 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of H&R Block in the fourth quarter worth about $10,725,000. 90.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on HRB. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th.

H&R Block Stock Up 0.3 %

Shares of NYSE:HRB opened at $54.12 on Monday. 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 market cap of $7.24 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.80 and a beta of 0.65. The company has a 50 day moving average of $53.26 and a 200-day moving average of $56.82. 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 released its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, March 4th. H&R Block’s payout ratio is 41.32%.

H&R Block Company 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.