Teacher Retirement System of Texas Raises Holdings in H & R Block Inc (HRB)

Teacher Retirement System of Texas grew its holdings in shares of H & R Block Inc (NYSE:HRB) by 74.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 318,575 shares of the company’s stock after purchasing an additional 136,447 shares during the period. Teacher Retirement System of Texas owned 0.15% of H & R Block worth $8,353,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of H & R Block during the fourth quarter worth $142,000. FDO Partners LLC acquired a new stake in shares of H & R Block during the third quarter worth $203,000. Conning Inc. acquired a new stake in shares of H & R Block during the fourth quarter worth $208,000. Assetmark Inc. increased its holdings in shares of H & R Block by 111.9% in the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock worth $209,000 after acquiring an additional 4,170 shares during the period. Finally, Bredin Investment LLC acquired a new stake in shares of H & R Block in the 4th quarter worth about $214,000. 95.53% of the stock is currently owned by institutional investors.

HRB has been the topic of a number of analyst reports. Zacks Investment Research raised shares of H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $30.00 price objective on shares of H & R Block in a report on Thursday, December 7th. Oppenheimer reaffirmed a “hold” rating on shares of H & R Block in a report on Thursday, December 7th. Finally, ValuEngine raised shares of H & R Block from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. H & R Block currently has an average rating of “Hold” and an average target price of $27.67.

Shares of H & R Block Inc (HRB) opened at $26.94 on Thursday. The company has a debt-to-equity ratio of -3.62, a current ratio of 1.13 and a quick ratio of 1.13. H & R Block Inc has a twelve month low of $19.85 and a twelve month high of $31.80. The firm has a market cap of $5,416.98, a PE ratio of 13.36, a P/E/G ratio of 0.88 and a beta of 0.37.

H & R Block (NYSE:HRB) last released its earnings results on Wednesday, December 6th. The company reported ($0.71) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.01. The firm had revenue of $140.85 million for the quarter, compared to analysts’ expectations of $131.24 million. H & R Block had a net margin of 12.90% and a negative return on equity of 110.06%. H & R Block’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.67) EPS. analysts expect that H & R Block Inc will post 2.66 earnings per share for the current year.

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About H & R Block

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

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

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