Orion Portfolio Solutions LLC Boosts Stock Position in H&R Block, Inc. (NYSE:HRB)

Orion Portfolio Solutions LLC raised its stake in shares of H&R Block, Inc. (NYSE:HRB) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,599 shares of the company’s stock after buying an additional 378 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in H&R Block were worth $356,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Eastern Bank purchased a new position in shares of H&R Block in the 3rd quarter worth about $25,000. Bogart Wealth LLC raised its holdings in H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of H&R Block in the third quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of H&R Block during the third quarter valued at approximately $35,000. Finally, Quest Partners LLC increased its position in shares of H&R Block by 2,756.0% during the second quarter. Quest Partners LLC now owns 714 shares of the company’s stock valued at $39,000 after acquiring an additional 689 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Performance

Shares of NYSE HRB opened at $53.49 on Thursday. The firm’s 50-day moving average price is $59.09 and its 200-day moving average price is $58.48. H&R Block, Inc. has a 52-week low of $42.28 and a 52-week high of $68.45. The company has a market cap of $7.33 billion, a PE ratio of 13.05, a PEG ratio of 0.86 and a beta of 0.66. 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 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 the consensus estimate of $188.78 million. During the same quarter last year, the company earned ($1.05) EPS. As a group, analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Thursday, December 5th. H&R Block’s payout ratio is currently 36.59%.

Analyst Ratings Changes

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

H&R Block Company Profile

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.