Tidal Investments LLC Grows Position in H&R Block, Inc. (NYSE:HRB)

Tidal Investments LLC raised its position in shares of H&R Block, Inc. (NYSE:HRB) by 70.1% during the 3rd quarter, Holdings Channel reports. The fund owned 19,495 shares of the company’s stock after purchasing an additional 8,036 shares during the period. Tidal Investments LLC’s holdings in H&R Block were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in H&R Block during the third quarter valued at $169,000. World Investment Advisors LLC purchased a new stake in shares of H&R Block during the 3rd quarter valued at about $201,000. TD Private Client Wealth LLC lifted its holdings in shares of H&R Block by 38.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,076 shares of the company’s stock valued at $386,000 after acquiring an additional 1,695 shares during the last quarter. Coldstream Capital Management Inc. grew its position in H&R Block by 4.2% in the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after acquiring an additional 198 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in H&R Block by 7.2% during the third quarter. Orion Portfolio Solutions LLC now owns 5,599 shares of the company’s stock worth $356,000 after acquiring an additional 378 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Trading Down 2.1 %

Shares of HRB opened at $53.49 on Thursday. The company’s fifty day simple moving average is $59.09 and its 200-day simple moving average is $58.48. The company has a market cap of $7.33 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.86 and a beta of 0.66. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. 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) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The firm had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. During the same period last year, the company earned ($1.05) earnings per share. As a group, analysts expect that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Thursday, December 5th. H&R Block’s payout ratio is currently 36.59%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research note on Friday, November 8th.

About H&R Block

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.