A number of other hedge funds and other institutional investors also recently made changes to their positions in HRB. Elevation Wealth Partners LLC lifted its stake in shares of H&R Block by 34.5% during the second quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock valued at $40,000 after acquiring an additional 267 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in H&R Block by 1.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,496 shares of the company’s stock worth $980,000 after purchasing an additional 309 shares during the period. Vise Technologies Inc. increased its position in H&R Block by 7.4% in the third quarter. Vise Technologies Inc. now owns 4,486 shares of the company’s stock worth $227,000 after purchasing an additional 311 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in H&R Block by 54.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock worth $34,000 after purchasing an additional 314 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in H&R Block by 10.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,835 shares of the company’s stock valued at $194,000 after purchasing an additional 348 shares during the period. 90.14% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several research analysts have recently issued reports on the stock. Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Stephens assumed coverage on shares of H&R Block in a report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price objective on the stock. The Goldman Sachs Group raised their price objective on shares of H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Finally, Barrington Research lifted their target price on shares of H&R Block from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, H&R Block presently has a consensus rating of “Hold” and a consensus target price of $46.67.
Check Out Our Latest Research Report on H&R Block H&R Block Price Performance Shares of HRB opened at $48.93 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 12.69. H&R Block, Inc. has a 1 year low of $28.16 and a 1 year high of $58.67. The stock has a market cap of $6.20 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 0.64 and a beta of 0.36. The stock’s 50-day moving average price is $45.93 and its two-hundred day moving average price is $37.96.
H&R Block (NYSE:HRB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%.H&R Block’s revenue was up 255.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. On average, equities analysts predict that H&R Block, Inc. will post 6.11 earnings per share for the current year.
H&R Block Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This is a boost from H&R Block’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 3.8%. H&R Block’s payout ratio is currently 32.17%.
H&R Block Profile (Free Report)
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.
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