TCM Advisors LLC Sells 2,000 Shares of H&R Block, Inc. (NYSE:HRB)

TCM Advisors LLC decreased its position in H&R Block, Inc. (NYSE:HRB) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,600 shares of the company’s stock after selling 2,000 shares during the quarter. TCM Advisors LLC’s holdings in H&R Block were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of H&R Block in the 4th quarter valued at $27,000. Spire Wealth Management purchased a new stake in H&R Block during the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of H&R Block during the fourth quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of H&R Block by 52.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after acquiring an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Up 3.6 %

HRB opened at $59.12 on Friday. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50 day simple moving average of $53.68 and a two-hundred day simple moving average of $56.30. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.80 and a beta of 0.39.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. Analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block’s dividend payout ratio is currently 41.32%.

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.