SRS Capital Advisors Inc. Acquires 1,455 Shares of H&R Block, Inc. (NYSE:HRB)

SRS Capital Advisors Inc. boosted its holdings in H&R Block, Inc. (NYSE:HRB) by 111.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,755 shares of the company’s stock after purchasing an additional 1,455 shares during the period. SRS Capital Advisors Inc.’s holdings in H&R Block were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block in the 4th quarter valued at about $27,000. Spire Wealth Management acquired a new position in H&R Block during the fourth quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new position in H&R Block in the third quarter valued at approximately $34,000. Newbridge Financial Services Group Inc. acquired a new position in shares of H&R Block during the 4th quarter worth approximately $29,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of H&R Block during the 3rd quarter worth approximately $40,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Performance

HRB opened at $52.20 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The business has a 50 day moving average of $53.68 and a 200-day moving average of $58.22. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.80 and a beta of 0.69.

H&R Block (NYSE:HRB) last announced its quarterly earnings results 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 net margin of 14.71% and a negative return on equity of 179.15%. On average, equities research analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 dividend on an annualized basis and a yield of 2.87%. H&R Block’s dividend payout ratio (DPR) is currently 41.32%.

Wall Street Analyst Weigh In

HRB has been the subject of several analyst reports. 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. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

About H&R Block

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.