ARP Americas LP Increases Stake in H & R Block Inc (HRB)

ARP Americas LP boosted its position in shares of H & R Block Inc (NYSE:HRB) by 211.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,500 shares of the company’s stock after acquiring an additional 30,900 shares during the period. ARP Americas LP’s holdings in H & R Block were worth $1,193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ffcm LLC acquired a new position in shares of H & R Block in the 4th quarter worth approximately $137,000. SeaCrest Wealth Management LLC bought a new stake in shares of H & R Block during the 4th quarter valued at $142,000. FDO Partners LLC bought a new stake in shares of H & R Block during the 3rd quarter valued at $203,000. Conning Inc. bought a new stake in shares of H & R Block during the 4th quarter valued at $208,000. Finally, Assetmark Inc. raised its position in shares of H & R Block by 111.9% during the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock valued at $209,000 after acquiring an additional 4,170 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Shares of H & R Block Inc (NYSE:HRB) traded down $0.57 during trading hours on Wednesday, hitting $26.62. 4,027,854 shares of the stock were exchanged, compared to its average volume of 4,140,000. H & R Block Inc has a 52 week low of $22.16 and a 52 week high of $31.80. The firm has a market capitalization of $5,570.00, a price-to-earnings ratio of 22.00, a PEG ratio of 0.92 and a beta of 0.40. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27.

H & R Block (NYSE:HRB) last posted its earnings results on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, topping the consensus estimate of ($1.29) by $0.13. The company had revenue of $488.00 million during the quarter, compared to the consensus estimate of $459.14 million. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.49) earnings per share. research analysts anticipate that H & R Block Inc will post 2.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Tuesday, March 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Monday, March 12th. H & R Block’s payout ratio is 79.34%.

A number of analysts recently commented on the stock. BTIG Research restated a “sell” rating and issued a $21.00 price objective on shares of H & R Block in a research report on Sunday. ValuEngine downgraded shares of H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Morgan Stanley restated an “equal weight” rating and set a $28.00 price objective (up from $27.00) on shares of H & R Block in a research note on Wednesday, March 7th. Northcoast Research upgraded shares of H & R Block from a “neutral” rating to a “buy” rating and cut their target price for the company from $25.02 to $24.69 in a research note on Monday, March 5th. Finally, Zacks Investment Research raised shares of H & R Block from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.67.

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H & R Block Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

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

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