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

Abacus FCF Advisors LLC increased its stake in H&R Block, Inc. (NYSE:HRB) by 46.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,511 shares of the company’s stock after buying an additional 20,460 shares during the period. Abacus FCF Advisors LLC’s holdings in H&R Block were worth $3,409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HRB. Coldstream Capital Management Inc. boosted its stake in H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after purchasing an additional 198 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of H&R Block by 5.5% in the third quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after buying an additional 221 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock valued at $225,000 after acquiring an additional 222 shares during the period. US Bancorp DE grew its holdings in H&R Block by 1.9% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the company’s stock valued at $653,000 after purchasing an additional 233 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after acquiring an additional 258 shares during the period. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Down 1.5 %

NYSE:HRB opened at $54.68 on Tuesday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The stock has a fifty day simple moving average of $53.50 and a 200-day simple moving average of $56.50.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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%. Analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Tuesday, March 4th. H&R Block’s payout ratio is 41.32%.

Analyst Upgrades and Downgrades

HRB has been the subject of several recent analyst reports. 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 target price on shares of H&R Block in a research report 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.