Diversified Trust Co Acquires New Position in H&R Block, Inc. (NYSE:HRB)

Diversified Trust Co bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,571 shares of the company’s stock, valued at approximately $559,000.

Several other large investors also recently bought and sold shares of HRB. Eastern Bank acquired a new stake in shares of H&R Block during the third quarter worth $25,000. Bogart Wealth LLC raised its stake in H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in H&R Block during the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in H&R Block during the 3rd quarter valued at about $35,000. Finally, GAMMA Investing LLC increased its holdings in shares of H&R Block by 64.5% in the fourth 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. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research report on Friday, November 8th.

H&R Block Trading Down 1.2 %

NYSE HRB opened at $53.69 on Friday. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $7.36 billion, a PE ratio of 13.10, a P/E/G ratio of 0.86 and a beta of 0.69. The company has a fifty day moving average of $56.87 and a 200 day moving average of $58.69.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period last year, the firm earned ($1.05) EPS. Research analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Thursday, December 5th. H&R Block’s dividend payout ratio (DPR) is 36.59%.

About H&R Block

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.