Prossimo Advisors LLC Has $224,000 Stake in H&R Block, Inc. (NYSE:HRB)

Prossimo Advisors LLC raised its position in shares of H&R Block, Inc. (NYSE:HRB) by 19.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,237 shares of the company’s stock after acquiring an additional 687 shares during the period. Prossimo Advisors LLC’s holdings in H&R Block were worth $224,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HRB. Eastern Bank acquired a new position in H&R Block during the third quarter valued at $25,000. Bogart Wealth LLC grew its stake in H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block in the 4th quarter valued at about $27,000. Spire Wealth Management purchased a new stake in shares of H&R Block in the fourth quarter worth approximately $28,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of H&R Block during the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

Shares of HRB opened at $51.77 on Wednesday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73. The firm has a market cap of $6.93 billion, a PE ratio of 14.26, a PEG ratio of 0.82 and a beta of 0.69. The firm’s 50 day moving average price is $54.00 and its 200 day moving average price is $58.47. H&R Block, Inc. has a twelve month low of $45.64 and a twelve month high of $68.45.

H&R Block (NYSE:HRB) last released its quarterly 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 14.71% and a negative return on equity of 179.15%. As a group, research analysts expect 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 will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.90%. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HRB. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.