Stifel Financial Corp Purchases 988 Shares of H&R Block, Inc. (NYSE:HRB)

Stifel Financial Corp increased its position in H&R Block, Inc. (NYSE:HRB) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,969 shares of the company’s stock after purchasing an additional 988 shares during the quarter. Stifel Financial Corp’s holdings in H&R Block were worth $4,129,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its holdings in shares of H&R Block by 42.7% during the 3rd quarter. Quantinno Capital Management LP now owns 58,709 shares of the company’s stock worth $3,731,000 after acquiring an additional 17,580 shares during the period. Point72 DIFC Ltd bought a new position in H&R Block during the third quarter worth about $738,000. Point72 Asset Management L.P. bought a new position in H&R Block during the third quarter worth about $1,821,000. IHT Wealth Management LLC boosted its holdings in H&R Block by 5.4% during the third quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock valued at $355,000 after purchasing an additional 288 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of H&R Block by 114.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 87,532 shares of the company’s stock valued at $5,563,000 after purchasing an additional 46,736 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Trading Down 0.9 %

Shares of H&R Block stock opened at $55.50 on Monday. H&R Block, Inc. has a 12-month low of $42.28 and a 12-month high of $68.45. The stock has a market capitalization of $7.61 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 0.86 and a beta of 0.66. The company has a 50-day simple moving average of $59.53 and a 200 day simple moving average of $58.43. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The firm had revenue of $193.81 million for the quarter, compared to the consensus estimate of $188.78 million. During the same period in the prior year, the company posted ($1.05) earnings per share. Research analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. H&R Block’s dividend payout ratio is 36.59%.

Analysts Set New Price Targets

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

About H&R Block

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.