Pacer Advisors Inc. Has $144.53 Million Stake in H&R Block, Inc. (NYSE:HRB)

Pacer Advisors Inc. lifted its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,735,189 shares of the company's stock after purchasing an additional 476,892 shares during the quarter. Pacer Advisors Inc. owned 2.00% of H&R Block worth $144,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in H&R Block by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 91,686 shares of the company's stock valued at $4,972,000 after acquiring an additional 5,619 shares during the last quarter. Bank of Montreal Can grew its position in H&R Block by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company's stock worth $1,327,000 after acquiring an additional 251 shares during the last quarter. Millennium Management LLC grew its position in H&R Block by 356.0% during the 2nd quarter. Millennium Management LLC now owns 88,826 shares of the company's stock worth $4,817,000 after acquiring an additional 69,347 shares during the last quarter. Mackenzie Financial Corp increased its holdings in H&R Block by 30.8% in the 2nd quarter. Mackenzie Financial Corp now owns 161,355 shares of the company's stock worth $8,750,000 after purchasing an additional 38,017 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in H&R Block in the second quarter valued at about $1,204,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Trading Up 2.8 %

NYSE:HRB traded up $1.47 during trading hours on Monday, hitting $54.38. 863,311 shares of the company were exchanged, compared to its average volume of 1,069,701. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45. The company has a fifty day simple moving average of $55.39 and a 200 day simple moving average of $58.78. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. During the same period in the previous year, the company posted ($1.05) EPS. Sell-side analysts expect that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. H&R Block's dividend payout ratio is currently 36.59%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research note on Monday.

H&R Block Company 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.