Patriot Financial Group Insurance Agency LLC Boosts Stake in H&R Block, Inc. (NYSE:HRB)

Patriot Financial Group Insurance Agency LLC lifted its holdings in H&R Block, Inc. (NYSE:HRB) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,173 shares of the company’s stock after buying an additional 1,246 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in H&R Block were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Eastern Bank purchased a new stake in H&R Block during the third quarter worth $25,000. Endeavor Private Wealth Inc. purchased a new stake in H&R Block during the fourth quarter worth $27,000. Bogart Wealth LLC boosted its position in H&R Block by 606.1% during the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in H&R Block during the third quarter worth $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in H&R Block during the third quarter worth $35,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Monday.

H&R Block Stock Performance

NYSE HRB opened at $54.60 on Thursday. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. The business has a fifty day moving average of $55.33 and a 200-day moving average of $58.76. 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 released its quarterly earnings results 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 negative return on equity of 212.45% and a net margin of 16.19%. The company had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. During the same period last year, the firm earned ($1.05) earnings per share. As a group, analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were paid a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.75%. H&R Block’s payout ratio is currently 36.59%.

H&R Block Profile

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.