H&R Block, Inc. (NYSE:HRB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in H&R Block, Inc. (NYSE:HRB) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,219,462 shares of the company’s stock after acquiring an additional 282,633 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.81% of H&R Block worth $275,796,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its position in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock worth $144,527,000 after purchasing an additional 476,892 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of H&R Block by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,684,738 shares of the company’s stock worth $89,022,000 after buying an additional 47,920 shares during the period. NewEdge Wealth LLC grew its holdings in H&R Block by 11.5% in the 4th quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company’s stock worth $57,897,000 after buying an additional 113,216 shares in the last quarter. Wedge Capital Management L L P NC increased its position in H&R Block by 13.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock valued at $46,748,000 after acquiring an additional 107,450 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in H&R Block by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock valued at $47,935,000 after acquiring an additional 25,234 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HRB shares. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Price Performance

Shares of NYSE:HRB opened at $52.20 on Thursday. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.80 and a beta of 0.69. 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 12 month low of $45.87 and a 12 month high of $68.45. The stock’s 50 day moving average price is $53.68 and its 200 day moving average price is $58.22.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.87%. H&R Block’s dividend payout ratio is currently 41.32%.

H&R Block Company 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.