Geneos Wealth Management Inc. Makes New $75,000 Investment in H&R Block, Inc. (NYSE:HRB)

Geneos Wealth Management Inc. purchased a new stake in H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,413 shares of the company’s stock, valued at approximately $75,000.

A number of other institutional investors also recently modified their holdings of HRB. Point72 Asset Management L.P. purchased a new position in H&R Block during the 3rd quarter valued at about $1,821,000. Algert Global LLC increased its holdings in H&R Block by 413.1% during the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company’s stock worth $4,583,000 after acquiring an additional 58,057 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after purchasing an additional 255,354 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of H&R Block during the 4th quarter valued at $362,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of H&R Block by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock worth $47,935,000 after purchasing an additional 25,234 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Trading Down 0.0 %

Shares of H&R Block stock opened at $55.42 on Friday. The company has a 50 day simple moving average of $55.24 and a two-hundred day simple moving average of $58.74. The firm has a market cap of $7.60 billion, a PE ratio of 13.52, a PEG ratio of 0.83 and a beta of 0.69. 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.

H&R Block (NYSE:HRB) last announced its earnings results 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). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The company had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. During the same quarter last year, the firm posted ($1.05) earnings per share. Analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were given a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.71%. H&R Block’s payout ratio is 36.59%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research note on Monday, January 27th.

H&R Block Profile

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.