C2P Capital Advisory Group Invests in H&R Block

C2P Capital Advisory Group LLC, operating under the name Prosperity Capital Advisors, has established a new investment in H&R Block, Inc. (NYSE:HRB) during the fourth quarter, as reported in their latest filing with the SEC. The fund acquired a total of 15,477 shares of the company, which holds a market value of around $818,000.

Institutional Investors in H&R Block

In addition to Prosperity Capital Advisors, several other institutional investors have also recently made moves in H&R Block shares. Atria Wealth Solutions Inc. increased its investment in H&R Block by 51.5% last quarter, bringing its total ownership to 19,241 shares valued at $1,021,000 after adding 6,544 shares.

Truist Financial Corp raised its stake by 3.0%, now owning 676,294 shares valued at $35,735,000 following the purchase of 19,593 additional shares. CIBC Asset Management Inc. also raised its position by 5.5%, achieving a total of 4,263 shares worth $225,000. Meanwhile, Monument Capital Management increased its holdings by 2%, owning 53,715 shares valued at $2,838,000 after acquiring 1,075 more shares.

Lastly, MOKAN Wealth Management Inc. directed funds toward a new stake worth approximately $370,000. Overall, institutional investors own a combined 90.14% of H&R Block's stock.

H&R Block Stock Overview

The stock price of H&R Block opened at $52.44 on Thursday. Financial metrics reveal that the company holds a current ratio and a quick ratio of 0.73, along with a staggering debt-to-equity ratio of 16.46. Over the past year, H&R Block's shares have traded between a low of $45.64 and a high of $68.45. The stock has a 50-day moving average of $53.92 and a 200-day moving average of $58.43, indicating its market performance. The company's market capitalization stands at approximately $7.02 billion, with a price-to-earnings (PE) ratio of 14.44 and a PE/G ratio of 0.80.

Recent Earnings Results

On February 4th, H&R Block released its earnings results, reporting a loss of ($1.73) earnings per share (EPS) for the quarter, which fell short of the consensus estimate of ($1.59) by ($0.14). The company recorded a negative return on equity of 179.15% alongside a net margin of 14.71%. Analysts predict that for the ongoing year, H&R Block will have an EPS of 5.25.

Upcoming Dividend Announcement

H&R Block also recently announced a quarterly dividend set to be paid on April 3rd. Shareholders on record as of March 4th will receive a dividend of $0.375. The ex-dividend date is noted to be on the same day, March 4th. This results in an annualized dividend of $1.50, which corresponds to a yield of 2.86%. H&R Block's current payout ratio stands at 41.32%.

Analysts' Insights

H&R Block has been featured in several analysts' reports recently. StockNews.com downgraded H&R Block shares from a "buy" rating to a "hold" rating. Conversely, Barrington Research maintained an "outperform" rating and set a price target of $70.00 on H&R Block shares.

Company Overview

H&R Block, Inc. specializes in providing tax preparation services, financial products, and solutions for small businesses. Founded on January 25, 1955, by Henry W. Bloch and Richard A. Bloch, the company is headquartered in Kansas City, Missouri.

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