5,878 Shares in H&R Block, Inc. (NYSE:HRB) Bought by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners purchased a new stake in H&R Block, Inc. (NYSE:HRB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,878 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. raised its position in H&R Block by 4.2% in the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after purchasing an additional 198 shares in the last quarter. Rockland Trust Co. grew its stake in shares of H&R Block by 1.2% in the 3rd quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock valued at $1,072,000 after purchasing an additional 200 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of H&R Block by 5.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after buying an additional 221 shares in the last quarter. Bank of Montreal Can lifted its position in shares of H&R Block by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock worth $1,327,000 after buying an additional 251 shares during the period. Finally, GAMMA Investing LLC boosted its stake in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after buying an additional 258 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research note on Friday, November 8th.

H&R Block Price Performance

NYSE:HRB opened at $52.85 on Monday. 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 $7.24 billion, a PE ratio of 12.89, 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 $55.51 and its two-hundred day moving average price is $58.77.

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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.84%. H&R Block’s dividend payout ratio (DPR) is presently 36.59%.

H&R Block 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.