Tectonic Advisors LLC Boosts Stake in H&R Block, Inc. (NYSE:HRB)

Tectonic Advisors LLC grew its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HRB. Bogart Wealth LLC increased its stake in H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of H&R Block by 129.2% in the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after acquiring an additional 850 shares during the period. Harbour Investments Inc. boosted its holdings in H&R Block by 1,552.2% during the fourth 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 boosted its holdings in H&R Block by 87.0% during the fourth 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 purchased a new stake in H&R Block during the fourth quarter worth $85,000. Institutional investors own 90.14% of the company's stock.

H&R Block Trading Down 0.1%

HRB traded down $0.05 during midday trading on Friday, hitting $55.44. 565,879 shares of the company traded hands, compared to its average volume of 1,399,960. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.87 and a beta of 0.24. H&R Block, Inc. has a 52-week low of $49.16 and a 52-week high of $68.45. The business has a 50 day simple moving average of $56.30 and a two-hundred day simple moving average of $55.64.

H&R Block (NYSE:HRB - Get Free Report) last posted 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 business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The company's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $4.94 earnings per share. Equities research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Wednesday, June 4th. H&R Block's dividend payout ratio is currently 36.76%.

Analysts Set New Price Targets

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

About H&R Block

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.