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Tealwood Asset Management Inc. Invests $2.34 Million in H&R Block, Inc. (NYSE:HRB)

H&R Block logo with Consumer Discretionary background

Tealwood Asset Management Inc. purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 47,603 shares of the company's stock, valued at approximately $2,338,000. H&R Block makes up approximately 1.1% of Tealwood Asset Management Inc.'s portfolio, making the stock its 26th biggest position.

Other large investors also recently made changes to their positions in the company. Trexquant Investment LP raised its holdings in H&R Block by 198.1% in the 3rd quarter. Trexquant Investment LP now owns 223,138 shares of the company's stock valued at $9,608,000 after acquiring an additional 148,274 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in H&R Block by 33.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 155,054 shares of the company's stock valued at $7,500,000 after buying an additional 38,476 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of H&R Block by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 156,036 shares of the company's stock valued at $7,547,000 after purchasing an additional 1,039 shares during the period. Dorsey Wright & Associates acquired a new position in shares of H&R Block in the 4th quarter valued at $1,096,000. Finally, Optimist Retirement Group LLC acquired a new stake in H&R Block during the 4th quarter worth $2,503,000. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

Shares of NYSE HRB traded up $0.17 during midday trading on Friday, reaching $53.17. The company's stock had a trading volume of 2,429,495 shares, compared to its average volume of 916,688. H&R Block, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $54.21. The business's 50 day moving average price is $50.05 and its two-hundred day moving average price is $48.32. The company has a market cap of $7.42 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.99 and a beta of 0.69.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping analysts' consensus estimates of $4.66 by $0.28. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the previous year, the firm posted $4.20 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that H&R Block, Inc. will post 4.29 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.41%. H&R Block's dividend payout ratio is presently 29.29%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HRB. raised H&R Block from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th. Barrington Research lifted their price target on H&R Block from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, May 28th.

View Our Latest Research Report on HRB

About H&R Block

(Free Report)

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.

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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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