Robeco Institutional Asset Management B.V. Buys 243,100 Shares of H&R Block, Inc. (NYSE:HRB)

Robeco Institutional Asset Management B.V. grew its stake in H&R Block, Inc. (NYSE:HRBFree Report) by 105.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 473,112 shares of the company’s stock after buying an additional 243,100 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.35% of H&R Block worth $24,999,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in H&R Block by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after acquiring an additional 255,354 shares during the period. Pacer Advisors Inc. raised its position in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock valued at $144,527,000 after purchasing an additional 476,892 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of H&R Block by 13.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock valued at $46,748,000 after buying an additional 107,450 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in H&R Block by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock worth $47,935,000 after buying an additional 25,234 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in H&R Block by 29.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after buying an additional 156,856 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Trading Up 1.7 %

H&R Block stock opened at $55.47 on Friday. 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 firm’s 50 day moving average price is $55.30 and its 200-day moving average price is $58.73. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45. The stock has a market cap of $7.60 billion, a P/E ratio of 13.53, a PEG ratio of 0.81 and a beta of 0.69.

H&R Block (NYSE:HRBGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) 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 in the previous year, the firm earned ($1.05) EPS. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, December 5th. H&R Block’s payout ratio is 36.59%.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research report on Monday.

View Our Latest Report on HRB

About H&R Block

(Free Report)

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.

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

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