Abacus FCF Advisors LLC Purchases 20,460 Shares of H&R Block, Inc. (NYSE:HRB)

Abacus FCF Advisors LLC raised its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,511 shares of the company's stock after acquiring an additional 20,460 shares during the quarter. Abacus FCF Advisors LLC's holdings in H&R Block were worth $3,409,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in H&R Block by 31.0% in the 3rd quarter. Captrust Financial Advisors now owns 11,169 shares of the company's stock worth $710,000 after purchasing an additional 2,645 shares in the last quarter. HighTower Advisors LLC raised its position in shares of H&R Block by 18.5% during the third quarter. HighTower Advisors LLC now owns 17,982 shares of the company's stock valued at $1,147,000 after buying an additional 2,803 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of H&R Block by 2.0% in the third quarter. Janus Henderson Group PLC now owns 62,859 shares of the company's stock worth $3,997,000 after buying an additional 1,212 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of H&R Block by 5.4% during the third quarter. IHT Wealth Management LLC now owns 5,586 shares of the company's stock worth $355,000 after acquiring an additional 288 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in H&R Block during the third quarter valued at $1,821,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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H&R Block Price Performance

H&R Block stock traded up $2.05 during mid-day trading on Friday, reaching $59.12. 1,922,552 shares of the company's stock traded hands, compared to its average volume of 1,325,780. H&R Block, Inc. has a 12-month low of $45.87 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 stock has a 50 day moving average of $53.68 and a two-hundred day moving average of $56.25. The company has a market cap 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 - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Equities analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders 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 was Tuesday, March 4th. H&R Block's dividend payout ratio is currently 41.32%.

Analysts Set New Price Targets

Several research analysts have commented on HRB shares. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reissued an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th.

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.