Mirae Asset Global Investments Co. Ltd. Has $5.44 Million Position in H&R Block, Inc. (NYSE:HRB)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 17.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,800 shares of the company’s stock after purchasing an additional 15,379 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of H&R Block worth $5,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HRB. Coldstream Capital Management Inc. grew its stake in shares of H&R Block by 4.2% during the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after buying an additional 198 shares during the last quarter. EP Wealth Advisors LLC grew its position in H&R Block by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after acquiring an additional 221 shares during the last quarter. GAMMA Investing LLC grew its position in H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the last quarter. IHT Wealth Management LLC increased its holdings in H&R Block by 5.4% in the 3rd quarter. IHT Wealth Management LLC now owns 5,586 shares of the company’s stock worth $355,000 after purchasing an additional 288 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Trading Down 1.8 %

Shares of HRB stock opened at $53.21 on Friday. H&R Block, Inc. has a 1-year low of $44.81 and a 1-year high of $68.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.84 and a beta of 0.69. The stock has a 50-day moving average of $54.74 and a 200-day moving average of $58.68.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.82%. H&R Block’s dividend payout ratio (DPR) is currently 36.59%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday. Barrington Research restated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research report on Wednesday.

About H&R Block

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.