H&R Block, Inc. (HRB) Position Boosted by Frontier Wealth Management LLC

Frontier Wealth Management LLC boosted its position in shares of H&R Block, Inc. (NYSE:HRB) by 44.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,669 shares of the company’s stock after buying an additional 14,121 shares during the period. Frontier Wealth Management LLC’s holdings in H&R Block were worth $1,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRB. Bronfman E.L. Rothschild L.P. raised its position in H&R Block by 4.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,531 shares of the company’s stock worth $128,000 after buying an additional 222 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new position in H&R Block during the third quarter worth $131,000. Toronto Dominion Bank raised its position in H&R Block by 397.0% in the third quarter. Toronto Dominion Bank now owns 6,446 shares of the company’s stock worth $149,000 after buying an additional 5,149 shares during the last quarter. MSI Financial Services Inc raised its position in H&R Block by 122.4% in the third quarter. MSI Financial Services Inc now owns 7,438 shares of the company’s stock worth $172,000 after buying an additional 4,094 shares during the last quarter. Finally, Creative Planning raised its position in H&R Block by 79.8% in the third quarter. Creative Planning now owns 8,235 shares of the company’s stock worth $191,000 after buying an additional 3,656 shares during the last quarter. 96.63% of the stock is currently owned by institutional investors.

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

H&R Block, Inc. (NYSE:HRB) traded down 0.95% during mid-day trading on Monday, hitting $20.85. 2,243,438 shares of the stock traded hands. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 13.39 and a beta of 0.57. H&R Block, Inc. has a 1-year low of $19.18 and a 1-year high of $35.14. The company’s 50 day moving average price is $22.66 and its 200-day moving average price is $22.93.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, December 7th. The company reported ($0.67) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.01. The company earned $131.30 million during the quarter, compared to analyst estimates of $126.93 million. H&R Block had a net margin of 11.52% and a negative return on equity of 115.26%. H&R Block’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.51) earnings per share. Analysts predict that H&R Block, Inc. will post $1.64 earnings per share for the current year.

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A number of research analysts recently weighed in on HRB shares. Morgan Stanley lowered shares of H&R Block from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $26.00 to $25.00 in a research report on Wednesday, November 16th. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Credit Suisse Group reissued a “hold” rating and set a $24.00 price target on shares of H&R Block in a research report on Monday, December 19th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research report on Friday, December 9th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of H&R Block in a research report on Friday, December 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. H&R Block currently has an average rating of “Hold” and an average target price of $25.63.

About H&R Block

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.

5 Day Chart for NYSE:HRB

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