Orion Portfolio Solutions LLC Buys New Shares in H&R Block, Inc. (NYSE:HRB)

Orion Portfolio Solutions LLC bought a new stake in shares of H&R Block, Inc. (NYSE:HRBFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,298 shares of the company’s stock, valued at approximately $628,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HRB. Exchange Traded Concepts LLC grew its stake in shares of H&R Block by 91.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after buying an additional 248 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of H&R Block by 1,200.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock valued at $28,000 after buying an additional 600 shares during the last quarter. Assetmark Inc. bought a new position in shares of H&R Block during the fourth quarter valued at approximately $43,000. Daiwa Securities Group Inc. bought a new position in shares of H&R Block during the fourth quarter valued at approximately $48,000. Finally, Meeder Asset Management Inc. bought a new position in shares of H&R Block during the fourth quarter valued at approximately $53,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barrington Research boosted their price target on H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th. The Goldman Sachs Group boosted their price target on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

Read Our Latest Stock Analysis on H&R Block

H&R Block Stock Up 0.1 %

H&R Block stock opened at $51.00 on Thursday. The business has a fifty day moving average of $49.02 and a two-hundred day moving average of $47.86. The firm has a market cap of $7.12 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.94 and a beta of 0.69. H&R Block, Inc. has a twelve month low of $30.66 and a twelve month high of $54.21.

H&R Block (NYSE:HRBGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. H&R Block’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.20 earnings per share. Equities analysts expect that H&R Block, Inc. will post 4.29 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a yield of 2.51%. H&R Block’s dividend payout ratio is currently 29.29%.

H&R Block Profile

(Free Report)

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.

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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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