Abacus FCF Advisors LLC Has $4.07 Million Holdings in H&R Block, Inc. (NYSE:HRB)

Abacus FCF Advisors LLC boosted its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 14.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,038 shares of the company's stock after purchasing an additional 9,527 shares during the quarter. Abacus FCF Advisors LLC owned approximately 0.06% of H&R Block worth $4,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HRB. Spire Wealth Management acquired a new stake in shares of H&R Block in the fourth quarter valued at $28,000. State of Alaska Department of Revenue lifted its holdings in shares of H&R Block by 26.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company's stock worth $3,097,000 after buying an additional 12,390 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of H&R Block during the fourth quarter valued at about $1,931,000. Empowered Funds LLC raised its stake in shares of H&R Block by 54.3% in the fourth quarter. Empowered Funds LLC now owns 200,392 shares of the company's stock valued at $10,589,000 after purchasing an additional 70,501 shares in the last quarter. Finally, Empirical Finance LLC acquired a new position in H&R Block in the fourth quarter worth about $462,000. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Stock Down 0.5%

Shares of NYSE:HRB traded down $0.29 during midday trading on Friday, hitting $55.78. The stock had a trading volume of 1,159,421 shares, compared to its average volume of 1,391,793. H&R Block, Inc. has a 12 month low of $49.16 and a 12 month high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a market cap of $7.47 billion, a P/E ratio of 15.37, a PEG ratio of 0.80 and a beta of 0.25. The business's 50-day simple moving average is $58.59 and its 200-day simple moving average is $55.74.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping the consensus estimate of $5.12 by $0.26. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. H&R Block's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.94 EPS. On average, sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is currently 36.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a report on Thursday, May 8th. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Barrington Research reiterated an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday, April 25th. Finally, Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the completion of the transaction, the chief executive officer now directly owns 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by corporate insiders.

H&R Block 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.