26,920 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by Crestline Management LP

Crestline Management LP bought a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,920 shares of the company’s stock, valued at approximately $1,422,000.

A number of other hedge funds also recently modified their holdings of the business. Endeavor Private Wealth Inc. purchased a new stake in H&R Block in the 4th quarter worth about $27,000. Spire Wealth Management acquired a new position in shares of H&R Block in the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block in the fourth quarter worth approximately $29,000. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in H&R Block by 52.6% during 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 in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

HRB opened at $58.39 on Friday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $7.82 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. The stock has a 50-day moving average of $56.71 and a 200-day moving average of $56.21. H&R Block, Inc. has a 52-week low of $48.23 and a 52-week high of $68.45.

H&R Block (NYSE:HRB) last announced its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.26. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the business earned $4.94 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 annualized dividend and a yield of 2.57%. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HRB shares. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Northcoast Research cut H&R Block from a “buy” rating to a “neutral” rating in a research report on Friday, May 2nd. The Goldman Sachs Group boosted their price target on H&R Block from $49.00 to $54.00 and gave the company a “sell” rating in a research note on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Friday, April 25th.

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the transaction, the chief executive officer now directly owns 844,790 shares in the company, valued at approximately $53,458,311.20. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

H&R Block Company 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.