H&R Block, Inc. $HRB Shares Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors grew its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 3.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 201,325 shares of the company’s stock after buying an additional 6,437 shares during the period. H&R Block comprises approximately 1.2% of Ibex Wealth Advisors’ holdings, making the stock its 21st biggest position. Ibex Wealth Advisors’ holdings in H&R Block were worth $11,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its position 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 last quarter. Brown Advisory Inc. lifted its stake in H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock worth $656,000 after purchasing an additional 191 shares in the last quarter. CWM LLC boosted its holdings in shares of H&R Block by 1.3% during the 2nd quarter. CWM LLC now owns 15,159 shares of the company’s stock worth $832,000 after purchasing an additional 197 shares during the last quarter. Bogart Wealth LLC grew its position 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 purchasing an additional 200 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of H&R Block by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 37,700 shares of the company’s stock valued at $2,069,000 after purchasing an additional 200 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 have recently commented on HRB. Barrington Research reiterated an “outperform” rating and set a $62.00 price target on shares of H&R Block in a report on Monday, October 27th. Weiss Ratings cut H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. The Goldman Sachs Group reduced their target price on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a report on Wednesday, August 13th. Finally, Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.00.

H&R Block Stock Down 3.6%

H&R Block stock opened at $49.62 on Monday. The company has a market capitalization of $6.34 billion, a P/E ratio of 11.10, a PEG ratio of 0.82 and a beta of 0.32. H&R Block, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.62. The stock has a 50-day simple moving average of $50.87 and a 200-day simple moving average of $54.07. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90.

H&R Block (NYSE:HRB) last announced its earnings results on Thursday, November 6th. The company reported ($1.20) EPS for the quarter, beating analysts’ consensus estimates of ($1.40) by $0.20. H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $203.55 million for the quarter, compared to analysts’ expectations of $200.13 million. During the same period in the previous year, the company posted ($1.17) EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Equities research analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Thursday, December 4th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. H&R Block’s payout ratio is presently 37.75%.

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.