First Citizens Bank & Trust Co. Purchases 392 Shares of H&R Block, Inc. (NYSE:HRB)

First Citizens Bank & Trust Co. grew its position in H&R Block, Inc. (NYSE:HRB) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,552 shares of the company’s stock after acquiring an additional 392 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in H&R Block were worth $558,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its stake in H&R Block by 4.2% during the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after buying an additional 198 shares in the last quarter. Rockland Trust Co. boosted its position in shares of H&R Block by 1.2% during the 3rd quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock valued at $1,072,000 after acquiring an additional 200 shares in the last quarter. EP Wealth Advisors LLC increased its stake in H&R Block by 5.5% in the third quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock valued at $270,000 after acquiring an additional 221 shares during the period. Bank of Montreal Can raised its position in H&R Block by 1.0% in the second quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock worth $1,327,000 after purchasing an additional 251 shares in the last quarter. Finally, GAMMA Investing LLC boosted 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 valued at $35,000 after purchasing an additional 258 shares in the last quarter. 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 set a $70.00 target price on shares of H&R Block in a research report on Monday.

H&R Block Price Performance

NYSE:HRB opened at $54.38 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm has a market cap of $7.45 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The company’s 50-day moving average price is $55.39 and its two-hundred day moving average price is $58.78.

H&R Block (NYSE:HRB) last announced its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The business had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. During the same period in the previous year, the firm earned ($1.05) earnings per share. On average, equities analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were issued a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.76%. H&R Block’s dividend payout ratio is 36.59%.

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.