Farther Finance Advisors LLC Has $932,000 Holdings in H&R Block, Inc. (NYSE:HRB)

Farther Finance Advisors LLC increased its stake in H&R Block, Inc. (NYSE:HRB) by 25.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,543 shares of the company’s stock after purchasing an additional 3,388 shares during the quarter. Farther Finance Advisors LLC’s holdings in H&R Block were worth $932,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HRB. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of H&R Block in the 4th quarter valued at approximately $818,000. Blue Trust Inc. boosted its holdings in shares of H&R Block by 23.9% in the 4th quarter. Blue Trust Inc. now owns 6,792 shares of the company’s stock valued at $359,000 after buying an additional 1,310 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of H&R Block by 17.2% in the 4th quarter. Principal Securities Inc. now owns 9,104 shares of the company’s stock valued at $481,000 after buying an additional 1,338 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in H&R Block during the 4th quarter valued at $1,931,000. Finally, Allworth Financial LP lifted its holdings in H&R Block by 141.1% during the 4th quarter. Allworth Financial LP now owns 3,968 shares of the company’s stock valued at $211,000 after purchasing an additional 2,322 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Down 0.5%

HRB stock opened at $55.78 on Friday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.80 and a beta of 0.25. The business’s fifty day moving average price is $58.59 and its two-hundred day moving average price is $55.74. H&R Block, Inc. has a fifty-two week low of $49.16 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.26. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.94 EPS. On average, equities analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block’s payout ratio is 36.76%.

Insiders Place Their Bets

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 844,790 shares in the company, valued at approximately $53,458,311.20. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

HRB has been the subject of several research reports. 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 report on Thursday, May 8th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target on shares of H&R Block in a report on Friday, April 25th. Wall Street Zen raised H&R Block from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Northcoast Research downgraded H&R Block from a “buy” rating to a “neutral” rating in a report on Friday, May 2nd.

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.