Ieq Capital LLC Boosts Stock Position in H&R Block, Inc. (NYSE:HRB)

Ieq Capital LLC boosted its position in shares of H&R Block, Inc. (NYSE:HRB) by 49.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,348 shares of the company’s stock after purchasing an additional 4,401 shares during the period. Ieq Capital LLC’s holdings in H&R Block were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HRB. Coldstream Capital Management Inc. lifted its position in shares of H&R Block by 4.2% during the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after purchasing an additional 198 shares in the last quarter. EP Wealth Advisors LLC increased its stake in H&R Block by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after buying an additional 221 shares during the period. CIBC Asset Management Inc lifted its holdings in H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock worth $225,000 after buying an additional 222 shares in the last quarter. GAMMA Investing LLC boosted its position in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the period. Finally, IHT Wealth Management LLC grew its stake in shares of H&R Block by 5.4% in the third quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock worth $355,000 after acquiring an additional 288 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Trading Up 1.2 %

NYSE HRB opened at $54.17 on Wednesday. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The firm has a 50 day moving average of $53.74 and a two-hundred day moving average of $58.39. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market capitalization of $7.25 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.80 and a beta of 0.69.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. As a group, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.77%. H&R Block’s payout ratio is currently 41.32%.

Analyst Ratings Changes

HRB has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

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.