Verition Fund Management LLC Acquires 27,242 Shares of H & R Block Inc (HRB)

Verition Fund Management LLC grew its holdings in H & R Block Inc (NYSE:HRB) by 234.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,872 shares of the company’s stock after purchasing an additional 27,242 shares during the quarter. Verition Fund Management LLC’s holdings in H & R Block were worth $1,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. STA Wealth Management LLC purchased a new position in shares of H & R Block in the fourth quarter valued at approximately $416,000. Sciencast Management LP boosted its stake in shares of H & R Block by 15.4% in the fourth quarter. Sciencast Management LP now owns 20,187 shares of the company’s stock valued at $538,000 after purchasing an additional 2,697 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of H & R Block by 49.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,978 shares of the company’s stock valued at $209,000 after purchasing an additional 2,624 shares during the period. Paloma Partners Management Co boosted its stake in shares of H & R Block by 5.0% in the fourth quarter. Paloma Partners Management Co now owns 61,307 shares of the company’s stock valued at $1,607,000 after purchasing an additional 2,938 shares during the period. Finally, Raymond James & Associates raised its holdings in H & R Block by 60.1% in the fourth quarter. Raymond James & Associates now owns 19,898 shares of the company’s stock valued at $522,000 after acquiring an additional 7,473 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

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Shares of H & R Block Inc (NYSE HRB) opened at $27.05 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27. H & R Block Inc has a 1-year low of $22.16 and a 1-year high of $31.80. The firm has a market cap of $5,655.32, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.89 and a beta of 0.40.

H & R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, March 6th. The company reported ($1.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.29) by $0.13. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The company had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $459.14 million. During the same quarter last year, the company earned ($0.49) earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. sell-side analysts expect that H & R Block Inc will post 2.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Tuesday, March 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.96 dividend on an annualized basis and a yield of 3.55%. H & R Block’s payout ratio is currently 80.00%.

Several analysts recently weighed in on HRB shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $30.00 target price on shares of H & R Block in a report on Thursday, December 7th. Oppenheimer reaffirmed a “hold” rating on shares of H & R Block in a report on Thursday, December 7th. Zacks Investment Research cut shares of H & R Block from a “hold” rating to a “sell” rating in a report on Friday, December 8th. ValuEngine raised shares of H & R Block from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Finally, Northcoast Research raised shares of H & R Block from a “neutral” rating to a “buy” rating and reduced their target price for the company from $25.02 to $24.69 in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. H & R Block has a consensus rating of “Hold” and an average price target of $27.67.

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H & R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

Institutional Ownership by Quarter for H & R Block (NYSE:HRB)

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