Alberta Investment Management Corp Increases Stock Position in H&R Block, Inc. (NYSE:HRB)

Alberta Investment Management Corp grew its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 50.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the company’s stock after acquiring an additional 30,100 shares during the period. Alberta Investment Management Corp owned about 0.07% of H&R Block worth $4,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Boston Trust Walden Corp bought a new position in H&R Block in the 4th quarter worth $25,552,000. Pacer Advisors Inc. raised its position in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock valued at $144,527,000 after buying an additional 476,892 shares in the last quarter. 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 valued at $313,735,000 after acquiring an additional 255,354 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of H&R Block by 105.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company’s stock valued at $24,999,000 after acquiring an additional 243,100 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new position in shares of H&R Block in the 4th quarter valued at about $10,230,000. Institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research reissued an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Trading Up 1.3 %

NYSE HRB opened at $52.44 on Thursday. The company has a market capitalization of $7.02 billion, a PE ratio of 14.44, a P/E/G ratio of 0.80 and a beta of 0.69. The company has a fifty day moving average of $53.92 and a 200 day moving average of $58.43. H&R Block, Inc. has a 1 year low of $45.64 and a 1 year high of $68.45. 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 (NYSE:HRB) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.86%. H&R Block’s dividend payout ratio is currently 41.32%.

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.