Intech Investment Management LLC Increases Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Intech Investment Management LLC increased its holdings in H&R Block, Inc. (NYSE:HRB) by 1,341.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,409 shares of the company’s stock after purchasing an additional 168,821 shares during the period. Intech Investment Management LLC’s holdings in H&R Block were worth $9,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its holdings in H&R Block by 542.1% in the third quarter. Assetmark Inc. now owns 1,297 shares of the company’s stock valued at $82,000 after acquiring an additional 1,095 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in H&R Block in the third quarter valued at $461,000. Huntington National Bank boosted its holdings in H&R Block by 46.8% in the third quarter. Huntington National Bank now owns 1,345 shares of the company’s stock valued at $85,000 after acquiring an additional 429 shares during the last quarter. Natixis Advisors LLC boosted its holdings in H&R Block by 8.9% in the third quarter. Natixis Advisors LLC now owns 25,802 shares of the company’s stock valued at $1,640,000 after acquiring an additional 2,113 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in H&R Block by 1,628.4% in the third quarter. Quest Partners LLC now owns 12,341 shares of the company’s stock valued at $784,000 after acquiring an additional 11,627 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

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

H&R Block Stock Up 3.7 %

Shares of NYSE HRB opened at $52.10 on Tuesday. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.80 and a beta of 0.65. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s 50-day simple moving average is $53.54 and its 200-day simple moving average is $57.47.

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 net margin of 14.71% and a negative return on equity of 179.15%. As a group, equities analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

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

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.