NewEdge Advisors LLC Buys 2,911 Shares of H&R Block, Inc. (NYSE:HRB)

NewEdge Advisors LLC grew its stake in shares of H&R Block, Inc. (NYSE:HRB) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,585 shares of the company’s stock after acquiring an additional 2,911 shares during the period. NewEdge Advisors LLC’s holdings in H&R Block were worth $1,933,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new stake in H&R Block in the 4th quarter worth about $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block in the fourth quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after buying an additional 289 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HRB. StockNews.com downgraded 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 Stock Up 0.7 %

Shares of HRB opened at $60.03 on Wednesday. The firm has a 50 day simple moving average of $54.90 and a two-hundred day simple moving average of $56.23. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45. The company has a market cap of $8.03 billion, a P/E ratio of 16.54, a P/E/G ratio of 0.80 and a beta of 0.39.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share 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%. Research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the sale, the chief executive officer now owns 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.