Tectonic Advisors LLC Acquires 11,716 Shares of H&R Block, Inc. (NYSE:HRB)

Tectonic Advisors LLC grew its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,524 shares of the company's stock after purchasing an additional 11,716 shares during the quarter. Tectonic Advisors LLC owned approximately 0.10% of H&R Block worth $7,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of HRB. Bogart Wealth LLC boosted its position in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC lifted its position in H&R Block by 129.2% during the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after purchasing an additional 850 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of H&R Block by 1,552.2% in the 4th quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock worth $80,000 after buying an additional 1,428 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of H&R Block by 87.0% in the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after buying an additional 750 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of H&R Block in the 4th quarter worth about $85,000. Institutional investors own 90.14% of the company's stock.

H&R Block Price Performance

Shares of NYSE:HRB traded up $0.79 on Wednesday, hitting $55.68. 848,119 shares of the company's stock were exchanged, compared to its average volume of 1,402,429. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. H&R Block, Inc. has a 12 month low of $49.16 and a 12 month high of $68.45. The business's 50 day simple moving average is $56.36 and its two-hundred day simple moving average is $55.62.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.26. The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.94 EPS. Equities analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is presently 36.76%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. The Goldman Sachs Group increased their price target on shares of H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a report on Thursday, May 8th. Barrington Research restated an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research report on Friday, April 25th. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

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.