Ibex Wealth Advisors Makes New $10.23 Million Investment in H&R Block, Inc. (NYSE:HRB)

Ibex Wealth Advisors acquired a new stake in H&R Block, Inc. (NYSE:HRB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 193,608 shares of the company’s stock, valued at approximately $10,230,000. H&R Block accounts for about 1.2% of Ibex Wealth Advisors’ investment portfolio, making the stock its 20th biggest holding. Ibex Wealth Advisors owned 0.14% of H&R Block at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Eastern Bank acquired a new position in shares of H&R Block during the third quarter worth about $25,000. Endeavor Private Wealth Inc. acquired a new position in H&R Block during the 4th quarter worth approximately $27,000. Bogart Wealth LLC increased its position in shares of H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of H&R Block in the 3rd quarter valued at $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of H&R Block during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

H&R Block Stock Down 0.3 %

H&R Block stock traded down $0.15 during mid-day trading on Wednesday, hitting $54.12. The company had a trading volume of 41,162 shares, compared to its average volume of 1,017,075. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45. The business has a fifty day moving average of $55.37 and a 200 day moving average of $58.78. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.81 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. During the same period last year, the business earned ($1.05) earnings per share. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block’s payout ratio is currently 36.59%.

H&R Block 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.