Moran Wealth Management LLC Trims Stock Holdings in H&R Block, Inc. $HRB

Moran Wealth Management LLC lowered its position in H&R Block, Inc. (NYSE:HRB) by 0.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 309,526 shares of the company’s stock after selling 871 shares during the period. Moran Wealth Management LLC’s holdings in H&R Block were worth $16,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of H&R Block during the first quarter worth approximately $26,000. Brooklyn Investment Group raised its stake in shares of 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 purchasing an additional 215 shares during the last quarter. Signaturefd LLC raised its stake in shares of 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 purchasing an additional 186 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock worth $75,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Down 0.2%

Shares of HRB stock opened at $50.72 on Tuesday. The business’s fifty day moving average price is $51.12 and its 200 day moving average price is $55.03. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.62. The firm has a market capitalization of $6.49 billion, a PE ratio of 11.35, a P/E/G ratio of 0.82 and a beta of 0.31. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company earned $1.89 EPS. The company’s revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.3%. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, September 4th. H&R Block’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HRB shares. Weiss Ratings restated a “buy (b-)” rating on shares of H&R Block in a research note on Wednesday, October 8th. The Goldman Sachs Group cut their price target on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research note on Wednesday, August 13th. Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barrington Research restated an “outperform” rating and set a $62.00 price target on shares of H&R Block in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, H&R Block has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block 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.