Tealwood Asset Management Inc. Purchases 481 Shares of H&R Block, Inc. (NYSE:HRB)

Tealwood Asset Management Inc. boosted its position in H&R Block, Inc. (NYSE:HRB) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,215 shares of the company’s stock after purchasing an additional 481 shares during the quarter. H&R Block comprises about 1.0% of Tealwood Asset Management Inc.’s portfolio, making the stock its 29th biggest holding. Tealwood Asset Management Inc.’s holdings in H&R Block were worth $2,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in H&R Block during the third quarter worth approximately $25,000. Bogart Wealth LLC grew its holdings in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of H&R Block in the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in H&R Block in the third quarter valued at about $35,000. Finally, GAMMA Investing LLC lifted its position in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after purchasing an additional 258 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Trading Up 1.9 %

Shares of HRB opened at $54.65 on Tuesday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. H&R Block, Inc. has a 52-week low of $42.28 and a 52-week high of $68.45. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.86 and a beta of 0.69. The business’s fifty day moving average is $56.63 and its 200-day moving average is $58.78.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The business had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same quarter in the prior year, the firm earned ($1.05) EPS. Equities analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were given a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.74%. H&R Block’s dividend payout ratio is currently 36.59%.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research report on Friday, November 8th.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.