Archer Investment Corp Has $517,000 Stake in H&R Block, Inc. $HRB

Archer Investment Corp lifted its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 1,937.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,300 shares of the company’s stock after acquiring an additional 15,500 shares during the quarter. Archer Investment Corp’s holdings in H&R Block were worth $517,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State of Michigan Retirement System raised its position in shares of H&R Block by 2.0% in the first quarter. State of Michigan Retirement System now owns 30,468 shares of the company’s stock valued at $967,000 after purchasing an additional 600 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of H&R Block by 4.2% during the 1st quarter. Principal Financial Group Inc. now owns 283,449 shares of the company’s stock worth $8,997,000 after buying an additional 11,555 shares during the period. Chicago Partners Investment Group LLC grew its stake in H&R Block by 30.7% in the 1st quarter. Chicago Partners Investment Group LLC now owns 8,676 shares of the company’s stock valued at $273,000 after buying an additional 2,036 shares during the last quarter. International Assets Investment Management LLC acquired a new position in H&R Block in the 1st quarter valued at about $222,000. Finally, Fifth Third Bancorp raised its holdings in H&R Block by 543.1% in the 1st quarter. Fifth Third Bancorp now owns 67,038 shares of the company’s stock valued at $2,128,000 after acquiring an additional 56,613 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 subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a report on Monday, April 27th. Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Finally, Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Stock Performance

HRB opened at $40.84 on Tuesday. The firm has a market cap of $5.18 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 0.56 and a beta of 0.36. H&R Block, Inc. has a 52-week low of $28.16 and a 52-week high of $56.76. The business’s fifty day moving average is $37.34 and its 200-day moving average is $35.66.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.77 by $0.25. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.34 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.H&R Block’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, research analysts predict that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 3rd were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Wednesday, June 3rd. H&R Block’s dividend payout ratio is currently 29.89%.

About H&R Block

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.