Ibex Wealth Advisors Acquires Shares of 193,608 H&R Block, Inc. (NYSE:HRB)

Ibex Wealth Advisors bought a new stake in H&R Block, Inc. (NYSE:HRB) in the fourth quarter, Holdings Channel reports. The institutional investor bought 193,608 shares of the company’s stock, valued at approximately $10,230,000. H&R Block makes up about 1.2% of Ibex Wealth Advisors’ portfolio, making the stock its 20th biggest holding.

Other hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock valued at $309,000 after acquiring an additional 198 shares during the period. Rockland Trust Co. increased its holdings in shares of H&R Block by 1.2% in the third quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock valued at $1,072,000 after purchasing an additional 200 shares during the period. EP Wealth Advisors LLC raised its stake in shares of H&R Block by 5.5% during the third quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after purchasing an additional 221 shares during the last quarter. Bank of Montreal Can grew its position in H&R Block by 1.0% in the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock valued at $1,327,000 after buying an additional 251 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analysts Set New Price Targets

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

H&R Block Price Performance

Shares of HRB traded down $0.15 during mid-day trading on Wednesday, hitting $54.12. The company’s stock had a trading volume of 41,162 shares, compared to its average volume of 1,017,075. The firm has a 50-day simple moving average of $55.37 and a 200 day simple moving average of $58.78. H&R Block, Inc. has a 1-year low of $42.28 and a 1-year high of $68.45. The firm has a market capitalization of $7.42 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.81 and a beta of 0.69. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

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

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.77%. H&R Block’s payout ratio is 36.59%.

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.