H&R Block, Inc. $HRB Position Increased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 12.9% in the second quarter, HoldingsChannel reports. The firm owned 741,385 shares of the company’s stock after purchasing an additional 84,972 shares during the quarter. First Trust Advisors LP’s holdings in H&R Block were worth $40,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in H&R Block by 64.8% during the 2nd quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock valued at $273,000 after acquiring an additional 1,957 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of H&R Block in the second quarter worth $1,004,000. Empowered Funds LLC increased its holdings in shares of H&R Block by 13.7% during the first quarter. Empowered Funds LLC now owns 227,934 shares of the company’s stock valued at $12,516,000 after purchasing an additional 27,542 shares during the period. Truist Financial Corp raised its stake in shares of H&R Block by 6.1% during the second quarter. Truist Financial Corp now owns 813,898 shares of the company’s stock valued at $44,675,000 after purchasing an additional 46,529 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in H&R Block by 89.6% in the first quarter. Russell Investments Group Ltd. now owns 25,922 shares of the company’s stock worth $1,423,000 after purchasing an additional 12,253 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRB has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Zacks Research cut shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Barrington Research reissued an “outperform” rating and set a $62.00 target price on shares of H&R Block in a report on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of H&R Block in a research report on Monday. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.00.

H&R Block Trading Up 1.5%

Shares of HRB opened at $41.88 on Wednesday. The business’s 50-day moving average price is $47.67 and its 200 day moving average price is $51.62. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 12.86. The stock has a market capitalization of $5.29 billion, a P/E ratio of 9.41, a P/E/G ratio of 0.67 and a beta of 0.31. H&R Block, Inc. has a 1-year low of $41.17 and a 1-year high of $64.62.

H&R Block (NYSE:HRB) last announced its earnings results on Thursday, November 6th. The company reported ($1.20) EPS for the quarter, topping the consensus estimate of ($1.40) by $0.20. The company had revenue of $203.55 million during the quarter, compared to analysts’ expectations of $200.13 million. H&R Block had a net margin of 16.24% and a negative return on equity of 169.98%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted ($1.17) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Analysts expect 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 Tuesday, January 6th. Investors of record on Thursday, December 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. H&R Block’s dividend payout ratio (DPR) is currently 37.75%.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 176,449 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $46.46, for a total transaction of $8,197,820.54. Following the sale, the chief executive officer directly owned 906,313 shares of the company’s stock, valued at $42,107,301.98. The trade was a 16.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

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.