Mirae Asset Global Investments Co. Ltd. Has $5.44 Million Stake in H&R Block, Inc. (NYSE:HRB)

Mirae Asset Global Investments Co. Ltd. increased its stake in H&R Block, Inc. (NYSE:HRB) by 17.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 101,800 shares of the company’s stock after purchasing an additional 15,379 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in H&R Block were worth $5,439,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new stake in H&R Block in the third quarter valued at $1,821,000. Algert Global LLC grew its stake in shares of H&R Block by 413.1% in the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company’s stock valued at $4,583,000 after buying an additional 58,057 shares during the period. Charles Schwab Investment Management Inc. increased its position in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after buying an additional 255,354 shares in the last quarter. Merit Financial Group LLC acquired a new position in H&R Block during the 4th quarter worth approximately $362,000. Finally, JPMorgan Chase & Co. boosted its holdings in H&R Block by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock worth $47,935,000 after acquiring an additional 25,234 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of H&R Block stock opened at $53.21 on Friday. H&R Block, Inc. has a 52 week low of $44.81 and a 52 week high of $68.45. 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 $54.74 and a 200-day moving average price of $58.68. The company has a market cap of $7.29 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. Equities analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, March 4th. H&R Block’s payout ratio is 36.59%.

Wall Street Analyst Weigh In

HRB has been the subject of several recent research reports. Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a report on Wednesday. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.