Retirement Systems of Alabama Sells 219,152 Shares of H&R Block, Inc. $HRB

Retirement Systems of Alabama cut its stake in shares of H&R Block, Inc. (NYSE:HRB) by 57.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 161,868 shares of the company’s stock after selling 219,152 shares during the period. Retirement Systems of Alabama’s holdings in H&R Block were worth $8,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HRB. Neo Ivy Capital Management purchased a new position in H&R Block in the second quarter worth about $1,004,000. Prudential Financial Inc. boosted its holdings in shares of H&R Block by 31.1% in the second quarter. Prudential Financial Inc. now owns 99,666 shares of the company’s stock worth $5,948,000 after buying an additional 23,624 shares during the last quarter. Allworth Financial LP raised its position in H&R Block by 64.8% in the second quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock worth $273,000 after acquiring an additional 1,957 shares during the period. Truist Financial Corp boosted its stake in shares of H&R Block by 6.1% during the 2nd quarter. Truist Financial Corp now owns 813,898 shares of the company’s stock worth $44,675,000 after acquiring an additional 46,529 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of H&R Block during the 2nd quarter valued at $2,130,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Trading Down 0.5%

Shares of H&R Block stock opened at $38.86 on Friday. H&R Block, Inc. has a fifty-two week low of $38.40 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $4.91 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.63 and a beta of 0.34. The company has a fifty day moving average of $42.44 and a 200 day moving average of $48.23.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.20) EPS for the quarter, beating the consensus estimate of ($1.40) by $0.20. H&R Block had a negative return on equity of 169.98% and a net margin of 16.24%.The business had revenue of $203.55 million for the quarter, compared to the consensus estimate of $200.13 million. During the same period in the previous year, the business earned ($1.17) earnings per share. The business’s 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. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Thursday, December 4th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, December 4th. H&R Block’s dividend payout ratio is presently 37.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of H&R Block in a research report on Monday, December 29th. Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of H&R Block in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.00.

Insider Transactions at H&R Block

In other news, CEO Jeffrey J. Jones II sold 128,818 shares of H&R Block stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $44.54, for a total transaction of $5,737,553.72. Following the sale, the chief executive officer owned 861,313 shares in the company, valued at $38,362,881.02. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

H&R Block Profile

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.