Robeco Institutional Asset Management B.V. Buys 243,100 Shares of H&R Block, Inc. (NYSE:HRB)

Robeco Institutional Asset Management B.V. increased its stake in H&R Block, Inc. (NYSE:HRB) by 105.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 473,112 shares of the company’s stock after buying an additional 243,100 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in H&R Block were worth $24,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HRB. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $313,735,000 after acquiring an additional 255,354 shares during the last quarter. Pacer Advisors Inc. raised its position in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after purchasing an additional 476,892 shares during the period. Wedge Capital Management L L P NC lifted its stake in H&R Block by 13.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock worth $46,748,000 after purchasing an additional 107,450 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of H&R Block by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock valued at $47,935,000 after buying an additional 25,234 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock valued at $44,364,000 after buying an additional 156,856 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Trading Up 1.7 %

NYSE HRB opened at $55.47 on Friday. The stock has a market cap of $7.60 billion, a PE ratio of 13.53, a PEG ratio of 0.81 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The company’s 50-day moving average price is $55.30 and its 200-day moving average price is $58.73. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The company had revenue of $193.81 million for the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same period last year, the business posted ($1.05) earnings per share. Equities research analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, December 5th. H&R Block’s dividend payout ratio is 36.59%.

Analyst Upgrades and Downgrades

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

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.