DGS Capital Management LLC Raises Stake in H&R Block, Inc. (NYSE:HRB)

DGS Capital Management LLC boosted its holdings in H&R Block, Inc. (NYSE:HRB) by 7.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,251 shares of the company’s stock after purchasing an additional 298 shares during the quarter. DGS Capital Management LLC’s holdings in H&R Block were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HRB. Point72 Asset Management L.P. purchased a new position in shares of H&R Block in the 3rd quarter valued at $1,821,000. Algert Global LLC increased its holdings in H&R Block by 413.1% in the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company’s stock valued at $4,583,000 after purchasing an additional 58,057 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after purchasing an additional 255,354 shares during the period. Caxton Associates LP lifted its stake in shares of H&R Block by 280.5% during the second quarter. Caxton Associates LP now owns 39,497 shares of the company’s stock worth $2,142,000 after purchasing an additional 29,117 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of H&R Block by 156.3% in the second quarter. NewEdge Advisors LLC now owns 29,220 shares of the company’s stock worth $1,585,000 after buying an additional 17,818 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at H&R Block

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total transaction of $515,280.00. Following the completion of the sale, the vice president now owns 18,474 shares in the company, valued at $1,189,910.34. The trade was a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HRB shares. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a report on Friday, August 16th.

H&R Block Price Performance

HRB stock opened at $55.50 on Friday. The company has a market capitalization of $7.61 billion, a PE ratio of 13.54, a P/E/G ratio of 0.86 and a beta of 0.66. The stock’s 50 day moving average is $59.53 and its two-hundred day moving average is $58.31. 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 52-week low of $42.28 and a 52-week high of $68.45.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same period in the previous year, the firm posted ($1.05) EPS. Analysts predict 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 will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.70%. H&R Block’s payout ratio is 36.59%.

H&R Block Profile

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.