Fifth Third Bancorp Has $2.13 Million Holdings in H&R Block, Inc. $HRB

Fifth Third Bancorp lifted its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 543.1% during the 1st quarter, Holdings Channel reports. The firm owned 67,038 shares of the company’s stock after purchasing an additional 56,613 shares during the period. Fifth Third Bancorp’s holdings in H&R Block were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. UBS Group AG grew its stake in H&R Block by 19.2% during the fourth quarter. UBS Group AG now owns 934,917 shares of the company’s stock worth $40,744,000 after buying an additional 150,719 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of H&R Block by 1,999.7% in the 4th quarter. Sound Income Strategies LLC now owns 106,077 shares of the company’s stock valued at $4,461,000 after buying an additional 101,025 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of H&R Block during the 1st quarter worth approximately $1,523,000. M&T Bank Corp boosted its position in shares of H&R Block by 634.2% during the 4th quarter. M&T Bank Corp now owns 254,055 shares of the company’s stock worth $11,072,000 after acquiring an additional 219,450 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of H&R Block by 101.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 75,473 shares of the company’s stock worth $3,289,000 after acquiring an additional 37,998 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

Shares of H&R Block stock opened at $40.38 on Wednesday. The company’s 50 day moving average price is $38.20 and its two-hundred day moving average price is $35.57. The firm has a market capitalization of $5.12 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.59 and a beta of 0.36. H&R Block, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $56.76.

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

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is presently 29.89%.

Analysts Set New Price Targets

HRB has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $50.00 target price on shares of H&R Block in a report on Monday, April 27th. Zacks Research raised H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

H&R Block Profile

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.