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

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

A number of other large investors also recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new stake in shares of H&R Block during the third quarter valued at approximately $1,821,000. Algert Global LLC raised its position in H&R Block by 413.1% during the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company's stock valued at $4,583,000 after purchasing an additional 58,057 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in H&R Block by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock valued at $313,735,000 after purchasing an additional 255,354 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of H&R Block by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company's stock worth $47,935,000 after buying an additional 25,234 shares during the period. Finally, Oak Thistle LLC bought a new position in shares of H&R Block during the 4th quarter worth $1,613,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Stock Up 2.8 %

HRB traded up $1.47 during trading on Monday, hitting $54.38. The stock had a trading volume of 863,311 shares, compared to its average volume of 1,069,696. The stock has a 50 day simple moving average of $55.51 and a two-hundred day simple moving average of $58.77. The company has a market capitalization of $7.45 billion, a PE ratio of 13.26, a PEG ratio of 0.81 and a beta of 0.69. 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 twelve month low of $42.28 and a twelve month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The business had revenue of $193.81 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned ($1.05) earnings per share. On average, research analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.76%. The ex-dividend date was Thursday, December 5th. H&R Block's dividend payout ratio is presently 36.59%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a report on Monday.

H&R Block Company 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.