Kennondale Capital Management LLC Makes New Investment in H&R Block, Inc. (NYSE:HRB)

Kennondale Capital Management LLC purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,972 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its holdings in H&R Block by 4.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after purchasing an additional 198 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of 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 grew its position in shares of 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 during the period. US Bancorp DE grew its position in shares of H&R Block by 1.9% during the 4th quarter. US Bancorp DE now owns 12,358 shares of the company’s stock worth $653,000 after buying an additional 233 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares during the period. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

NYSE HRB opened at $52.10 on Tuesday. The company has a fifty day simple moving average of $53.54 and a 200 day simple moving average of $57.47. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a market cap of $6.97 billion, a P/E ratio of 14.35, a PEG ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last posted its quarterly earnings results 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 net margin of 14.71% and a negative return on equity of 179.15%. Sell-side analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is currently 41.32%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HRB. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th.

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.