New York Life Investment Management LLC Purchases 411 Shares of H&R Block, Inc. (NYSE:HRB)

New York Life Investment Management LLC grew its position in shares of H&R Block, Inc. (NYSE:HRB) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,556 shares of the company’s stock after purchasing an additional 411 shares during the period. New York Life Investment Management LLC’s holdings in H&R Block were worth $801,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in H&R Block by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 379,919 shares of the company’s stock worth $18,377,000 after acquiring an additional 3,721 shares during the last quarter. Chase Investment Counsel Corp bought a new position in shares of H&R Block in the fourth quarter worth approximately $1,015,000. Retirement Systems of Alabama raised its stake in H&R Block by 23.8% in the fourth quarter. Retirement Systems of Alabama now owns 363,889 shares of the company’s stock valued at $17,601,000 after purchasing an additional 69,846 shares in the last quarter. Convergence Investment Partners LLC raised its stake in H&R Block by 13.6% in the fourth quarter. Convergence Investment Partners LLC now owns 29,788 shares of the company’s stock valued at $1,441,000 after purchasing an additional 3,559 shares in the last quarter. Finally, Paradiem LLC bought a new stake in H&R Block during the fourth quarter valued at approximately $7,671,000. Institutional investors own 90.14% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the sale, the chief executive officer now owns 755,359 shares of the company’s stock, valued at approximately $37,171,216.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

H&R Block Price Performance

Shares of HRB opened at $48.55 on Thursday. The firm has a market cap of $6.77 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.89 and a beta of 0.69. H&R Block, Inc. has a 1 year low of $28.83 and a 1 year high of $52.90. The stock has a 50 day simple moving average of $47.68 and a two-hundred day simple moving average of $46.68.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. The company had revenue of $179.10 million during the quarter, compared to analysts’ expectations of $169.45 million. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.37) EPS. On average, equities analysts anticipate that H&R Block, Inc. will post 4.25 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 Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.28 annualized dividend and a yield of 2.64%. H&R Block’s payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th. Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of H&R Block in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

H&R Block Profile

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.