Tennessee Valley Asset Management Partners Invests $311,000 in H&R Block, Inc. (NYSE:HRB)

Tennessee Valley Asset Management Partners purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,878 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in H&R Block in the fourth quarter valued at about $204,000. First Citizens Bank & Trust Co. lifted its holdings in shares of H&R Block by 3.9% during the 4th quarter. First Citizens Bank & Trust Co. now owns 10,552 shares of the company’s stock valued at $558,000 after buying an additional 392 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at approximately $75,000. Sound Income Strategies LLC grew its stake in shares of H&R Block by 0.8% in the 4th quarter. Sound Income Strategies LLC now owns 184,374 shares of the company’s stock valued at $9,742,000 after buying an additional 1,542 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in H&R Block in the fourth quarter worth approximately $27,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and issued a $70.00 target price 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 firm has a market cap of $7.24 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. The stock’s 50-day moving average is $55.51 and its two-hundred day moving average is $58.77. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. During the same period in the previous year, the business posted ($1.05) earnings per share. On average, analysts anticipate 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 was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Thursday, December 5th. H&R Block’s dividend payout ratio is 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.