H&R Block, Inc. $HRB Stake Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in H&R Block, Inc. (NYSE:HRB) by 5.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,598,656 shares of the company’s stock after acquiring an additional 83,103 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in H&R Block were worth $87,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of HRB. SVB Wealth LLC bought a new position in shares of H&R Block in the 1st quarter worth about $26,000. Brooklyn Investment Group raised its stake in H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after acquiring an additional 215 shares during the period. Signaturefd LLC raised its stake in H&R Block by 40.0% during the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after acquiring an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in H&R Block by 100.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares during the last quarter. Finally, Bogart Wealth LLC boosted its stake in H&R Block by 30.0% in the second quarter. Bogart Wealth LLC now owns 866 shares of the company’s stock valued at $48,000 after acquiring an additional 200 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at H&R Block

In other news, CEO Jeffrey J. Jones II sold 128,818 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $44.54, for a total value of $5,737,553.72. Following the completion of the sale, the chief executive officer owned 861,313 shares in the company, valued at $38,362,881.02. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

H&R Block Stock Performance

Shares of HRB opened at $42.76 on Thursday. H&R Block, Inc. has a 52-week low of $41.38 and a 52-week high of $64.62. The firm has a market capitalization of $5.41 billion, a PE ratio of 9.61, a P/E/G ratio of 0.68 and a beta of 0.31. The firm has a 50-day moving average price of $48.33 and a 200 day moving average price of $52.12. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $0.20. H&R Block had a net margin of 16.24% and a negative return on equity of 169.98%. The company had revenue of $203.55 million during the quarter, compared to analyst estimates of $200.13 million. During the same period in the prior year, the business posted ($1.17) EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, December 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. H&R Block’s dividend payout ratio (DPR) is 37.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HRB shares. Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Barrington Research restated an “outperform” rating and set a $62.00 price objective on shares of H&R Block in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of H&R Block in a research note on Monday. Finally, The Goldman Sachs Group reduced their price target on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.00.

About H&R Block

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.