H&R Block, Inc. (NYSE:HRB) Stock Position Boosted by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in shares of H&R Block, Inc. (NYSE:HRB) by 18.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,982 shares of the company’s stock after buying an additional 2,803 shares during the period. HighTower Advisors LLC’s holdings in H&R Block were worth $1,147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of H&R Block by 54.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,868 shares of the company’s stock worth $861,000 after buying an additional 5,571 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in H&R Block by 39.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,279 shares of the company’s stock worth $395,000 after acquiring an additional 2,048 shares in the last quarter. Blue Trust Inc. lifted its holdings in H&R Block by 42.5% in the 2nd quarter. Blue Trust Inc. now owns 4,263 shares of the company’s stock valued at $231,000 after acquiring an additional 1,271 shares during the last quarter. Raymond James & Associates boosted its position in shares of H&R Block by 8.1% during the 2nd quarter. Raymond James & Associates now owns 162,501 shares of the company’s stock valued at $8,812,000 after purchasing an additional 12,217 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of H&R Block by 6.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 147,280 shares of the company’s stock worth $8,034,000 after purchasing an additional 8,791 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

HRB opened at $55.23 on Tuesday. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45. The stock has a fifty day moving average price of $59.40 and a 200 day moving average price of $58.48. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.86 and a beta of 0.66.

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

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be issued a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.72%. H&R Block’s dividend payout ratio (DPR) is 36.59%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research note 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.