H&R Block, Inc. $HRB Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in H&R Block, Inc. (NYSE:HRB) by 16.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 296,419 shares of the company’s stock after selling 56,662 shares during the quarter. California Public Employees Retirement System’s holdings in H&R Block were worth $9,408,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HRB. Norges Bank purchased a new stake in shares of H&R Block in the fourth quarter valued at about $69,441,000. AQR Capital Management LLC boosted its holdings in H&R Block by 60.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock valued at $130,961,000 after purchasing an additional 976,069 shares in the last quarter. Ranmore Fund Management Ltd acquired a new position in H&R Block during the 4th quarter worth approximately $41,314,000. Boston Partners raised its stake in shares of H&R Block by 20.2% during the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after buying an additional 652,690 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of H&R Block by 268.1% during the 4th quarter. Millennium Management LLC now owns 839,268 shares of the company’s stock worth $36,575,000 after buying an additional 611,265 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Up 2.1%

Shares of HRB opened at $40.78 on Friday. H&R Block, Inc. has a 12-month low of $28.16 and a 12-month high of $56.51. The company has a 50-day moving average of $38.42 and a two-hundred day moving average of $35.56. The stock has a market cap of $5.17 billion, a P/E ratio of 7.26, a PEG ratio of 0.58 and a beta of 0.36.

H&R Block (NYSE:HRB) last announced its 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. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the firm earned $5.38 EPS. H&R Block’s quarterly revenue was up 5.3% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. As a group, analysts forecast that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd were paid 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 of this dividend was Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is currently 29.89%.

Analyst Ratings Changes

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