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

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

A number of other institutional investors have also recently bought and sold shares of HRB. Spire Wealth Management acquired a new position in shares of H&R Block in the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of H&R Block during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of H&R Block in the fourth quarter worth about $46,000. Harbour Investments Inc. grew its stake in shares of H&R Block by 1,552.2% in the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock valued at $80,000 after buying an additional 1,428 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after buying an additional 850 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

H&R Block Stock Down 0.1%

H&R Block stock traded down $0.03 during mid-day trading on Wednesday, hitting $54.93. The company's stock had a trading volume of 981,634 shares, compared to its average volume of 1,388,220. H&R Block, Inc. has a 52-week low of $49.16 and a 52-week high of $68.45. The company has a market cap of $7.35 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.80 and a beta of 0.25. 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 firm's 50 day moving average is $58.54 and its 200 day moving average is $55.79.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly 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. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same period last year, the company posted $4.94 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.73%. H&R Block's dividend payout ratio is currently 36.76%.

Analyst Ratings Changes

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

About H&R Block

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.