Pacer Advisors Inc. Boosts Holdings in H&R Block, Inc. (NYSE:HRB)

Pacer Advisors Inc. raised its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,735,189 shares of the company’s stock after buying an additional 476,892 shares during the period. Pacer Advisors Inc. owned about 2.00% of H&R Block worth $144,527,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of H&R Block in the 3rd quarter worth $25,000. Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block during the 4th quarter valued at about $27,000. Bogart Wealth LLC grew its stake in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Darwin Wealth Management LLC purchased a new stake in H&R Block in the 3rd quarter worth approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in H&R Block in the 3rd quarter worth approximately $35,000. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Up 1.0 %

NYSE HRB opened at $52.85 on Monday. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.24 billion, a PE ratio of 12.89, a P/E/G ratio of 0.81 and a beta of 0.69. The stock’s 50 day moving average is $55.51 and its 200 day moving average is $58.77.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same period last year, the firm posted ($1.05) EPS. Research analysts predict 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 given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.84%. H&R Block’s payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, November 8th.

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.