Patriot Financial Group Insurance Agency LLC Has $861,000 Position in H&R Block, Inc. $HRB

Patriot Financial Group Insurance Agency LLC raised its stake in H&R Block, Inc. (NYSE:HRB) by 25.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 15,681 shares of the company’s stock after buying an additional 3,181 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in H&R Block were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of H&R Block in the first quarter valued at $26,000. Brooklyn Investment Group increased its holdings in shares of H&R Block by 72.1% in the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock valued at $28,000 after purchasing an additional 215 shares during the last quarter. Signaturefd LLC grew its stake in shares of H&R Block by 40.0% in the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after acquiring an additional 186 shares in the last quarter. Bogart Wealth LLC grew its stake in shares of H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock valued at $75,000 after acquiring an additional 243 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on HRB. Weiss Ratings restated a “buy (b-)” rating on shares of H&R Block in a research note on Saturday, September 27th. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group decreased their price target on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Finally, Barrington Research restated an “outperform” rating and issued a $62.00 price target on shares of H&R Block in a research note on Tuesday, September 23rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.00.

H&R Block Trading Up 1.2%

HRB opened at $51.75 on Friday. H&R Block, Inc. has a twelve month low of $47.00 and a twelve month high of $64.62. The company has a 50-day simple moving average of $51.65 and a 200 day simple moving average of $55.11. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.83 and a beta of 0.31.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.54). H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned $1.89 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be given a dividend of $0.42 per share. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block’s dividend payout ratio (DPR) is currently 37.58%.

H&R Block Company Profile

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.