Kapitalo Investimentos Ltda Takes $658,000 Position in H&R Block, Inc. (NYSE:HRB)

Kapitalo Investimentos Ltda acquired a new position in shares of H&R Block, Inc. (NYSE:HRBFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,612 shares of the company’s stock, valued at approximately $658,000.

A number of other large investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its stake in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after buying an additional 248 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock worth $28,000 after purchasing an additional 600 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in H&R Block during the 4th quarter worth $37,000. Assetmark Inc. acquired a new position in H&R Block during the 4th quarter worth $43,000. Finally, Daiwa Securities Group Inc. acquired a new position in H&R Block during the 4th quarter worth $48,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Barrington Research raised their price objective on H&R Block from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th.

Check Out Our Latest Stock Report on HRB

H&R Block Trading Up 0.5 %

Shares of H&R Block stock traded up $0.28 during trading on Tuesday, reaching $52.08. The company’s stock had a trading volume of 309,138 shares, compared to its average volume of 1,093,894. The firm has a market cap of $7.27 billion, a PE ratio of 11.85, a P/E/G ratio of 0.94 and a beta of 0.69. The company has a 50-day moving average price of $49.53 and a two-hundred day moving average price of $48.14. H&R Block, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $54.21.

H&R Block (NYSE:HRBGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping the consensus estimate of $4.66 by $0.28. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.20 earnings per share. On average, analysts predict that H&R Block, Inc. will post 4.29 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 5th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, June 5th. H&R Block’s dividend payout ratio (DPR) is presently 29.29%.

About H&R Block

(Free Report)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

See Also

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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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