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

Tealwood Asset Management Inc. grew its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,215 shares of the company’s stock after acquiring an additional 481 shares during the period. H&R Block comprises 1.0% of Tealwood Asset Management Inc.’s holdings, making the stock its 29th largest holding. Tealwood Asset Management Inc.’s holdings in H&R Block were worth $2,495,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in H&R Block by 52.2% during the 2nd quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock worth $148,492,000 after purchasing an additional 939,270 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of H&R Block by 1,630.9% during the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock worth $49,395,000 after buying an additional 732,359 shares during the period. AQR Capital Management LLC raised its stake in H&R Block by 39.7% during the second quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company’s stock worth $115,418,000 after buying an additional 606,250 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after buying an additional 255,354 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock valued at $44,364,000 after acquiring an additional 156,856 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of HRB stock opened at $54.65 on Tuesday. The firm has a 50 day moving average of $56.63 and a 200-day moving average of $58.78. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. During the same period last year, the firm posted ($1.05) earnings per share. On average, equities analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $70.00 price objective 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.