6,055 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by Arcus Capital Partners LLC

Arcus Capital Partners LLC bought a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,055 shares of the company's stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of H&R Block by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 14,253,276 shares of the company's stock valued at $753,143,000 after purchasing an additional 35,945 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in H&R Block by 12.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,701,896 shares of the company's stock valued at $248,448,000 after buying an additional 523,353 shares during the period. Boston Partners grew its stake in shares of H&R Block by 58.5% in the fourth quarter. Boston Partners now owns 4,500,552 shares of the company's stock worth $237,814,000 after acquiring an additional 1,660,319 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of H&R Block by 36.8% during the fourth quarter. Lazard Asset Management LLC now owns 2,585,026 shares of the company's stock worth $136,591,000 after acquiring an additional 695,581 shares during the period. Finally, Northern Trust Corp increased its position in shares of H&R Block by 8.9% during the fourth quarter. Northern Trust Corp now owns 2,345,222 shares of the company's stock worth $123,922,000 after acquiring an additional 191,595 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the sale, the chief executive officer owned 844,790 shares of the company's stock, valued at approximately $53,458,311.20. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

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

H&R Block Stock Down 1.1%

H&R Block stock traded down $0.64 during midday trading on Friday, reaching $56.12. The company's stock had a trading volume of 846,533 shares, compared to its average volume of 1,403,425. H&R Block, Inc. has a fifty-two week low of $49.16 and a fifty-two week high of $68.45. The company has a market cap of $7.51 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.89 and a beta of 0.24. The business has a 50-day simple moving average of $56.72 and a 200-day simple moving average of $55.58.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the previous year, the firm earned $4.94 earnings per share. The business's revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is currently 36.76%.

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.