Skandinaviska Enskilda Banken AB publ Acquires 119,200 Shares of H&R Block, Inc. (NYSE:HRB)

Skandinaviska Enskilda Banken AB publ raised its holdings in H&R Block, Inc. (NYSE:HRB) by 46.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,600 shares of the company’s stock after purchasing an additional 119,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.27% of H&R Block worth $19,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in H&R Block in the 4th quarter valued at $27,000. Spire Wealth Management bought a new position in H&R Block in the 4th quarter valued at $28,000. Darwin Wealth Management LLC bought a new position in H&R Block in the 3rd quarter valued at $34,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the 4th quarter valued at $29,000. Finally, GAMMA Investing LLC grew its stake in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares during the period. Institutional investors own 90.14% of the company’s stock.

Analysts Set New Price Targets

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

H&R Block Stock Down 0.7 %

HRB stock opened at $49.86 on Friday. 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 company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The stock has a fifty day moving average of $53.70 and a 200-day moving average of $57.79.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (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%. As a group, equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 3.01%. H&R Block’s 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.