My Legacy Advisors LLC Acquires 359 Shares of H&R Block, Inc. (NYSE:HRB)

My Legacy Advisors LLC lifted its position in H&R Block, Inc. (NYSE:HRB) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,124 shares of the company’s stock after purchasing an additional 359 shares during the period. My Legacy Advisors LLC’s holdings in H&R Block were worth $284,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Eastern Bank purchased a new stake in H&R Block during the third quarter worth $25,000. Bogart Wealth LLC lifted its holdings in H&R Block by 606.1% during the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the period. Darwin Wealth Management LLC purchased a new stake in H&R Block during the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in H&R Block during the third quarter worth $35,000. Finally, GAMMA Investing LLC lifted its holdings in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

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

H&R Block Stock Performance

Shares of HRB opened at $55.23 on Monday. 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 fifty day moving average price of $56.13 and a 200-day moving average price of $58.78. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The firm has a market cap of $7.57 billion, a PE ratio of 13.47, a P/E/G ratio of 0.81 and a beta of 0.69.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share 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 analyst estimates 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 period in the prior year, the business posted ($1.05) earnings per share. Equities research 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 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. This represents a $1.50 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Thursday, December 5th. H&R Block’s payout ratio is presently 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.