Nordea Investment Management AB Has $6.26 Million Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Nordea Investment Management AB boosted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 118,616 shares of the company’s stock after buying an additional 6,701 shares during the period. Nordea Investment Management AB owned approximately 0.09% of H&R Block worth $6,258,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Eastern Bank acquired a new stake in shares of H&R Block in the 3rd quarter valued at about $25,000. Bogart Wealth LLC lifted its stake in H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in H&R Block during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of H&R Block during the 3rd quarter worth approximately $35,000. Finally, GAMMA Investing LLC raised its holdings in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

H&R Block Stock Up 1.2 %

HRB stock opened at $54.28 on Friday. H&R Block, Inc. has a twelve month low of $42.28 and a twelve month high of $68.45. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 0.86 and a beta of 0.69. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The business has a 50 day moving average price of $56.87 and a two-hundred day moving average price of $58.69.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) 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 last year, the company posted ($1.05) earnings per share. Analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block’s dividend payout ratio (DPR) is presently 36.59%.

H&R Block 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.