Franklin Resources Inc. Has $15.18 Million Stock Position in H&R Block, Inc. (NYSE:HRB)

Franklin Resources Inc. boosted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 250,280 shares of the company’s stock after buying an additional 57,311 shares during the period. Franklin Resources Inc. owned about 0.18% of H&R Block worth $15,179,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Eastern Bank purchased a new position in shares of H&R Block in the third quarter worth approximately $25,000. Bogart Wealth LLC boosted its stake in H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Darwin Wealth Management LLC purchased a new position in H&R Block during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in H&R Block during the 3rd quarter valued at $35,000. Finally, Quest Partners LLC lifted its holdings in shares of H&R Block by 2,756.0% in the second quarter. Quest Partners LLC now owns 714 shares of the company’s stock valued at $39,000 after purchasing an additional 689 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Performance

HRB stock opened at $54.72 on Friday. The firm has a 50 day simple moving average of $58.95 and a 200 day simple moving average of $58.45. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The stock has a market cap of $7.50 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.86 and a beta of 0.66. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (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 for the quarter, compared to analyst estimates of $188.78 million. During the same period last year, the business earned ($1.05) EPS. Research analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be paid a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.74%. H&R Block’s dividend payout ratio (DPR) is currently 36.59%.

Wall Street Analysts Forecast Growth

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

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.