Hsbc Holdings PLC increased its holdings in shares of H&R Block, Inc. (NYSE:HRB – Free Report) by 38.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 92,460 shares of the company’s stock after purchasing an additional 25,717 shares during the quarter. Hsbc Holdings PLC’s holdings in H&R Block were worth $4,012,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of HRB. Norges Bank acquired a new position in shares of H&R Block during the 4th quarter worth approximately $69,441,000. AQR Capital Management LLC increased its holdings in shares of H&R Block by 60.4% during the third quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock worth $130,961,000 after purchasing an additional 976,069 shares during the period. Ranmore Fund Management Ltd acquired a new stake in shares of H&R Block in the fourth quarter valued at approximately $41,314,000. Boston Partners raised its position in shares of H&R Block by 20.2% in the third quarter. Boston Partners now owns 3,886,544 shares of the company’s stock valued at $196,542,000 after buying an additional 652,690 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of H&R Block by 268.1% in the fourth quarter. Millennium Management LLC now owns 839,268 shares of the company’s stock valued at $36,575,000 after buying an additional 611,265 shares during the period. Institutional investors own 90.14% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of H&R Block in a research report on Monday, April 27th. Zacks Research raised H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.
H&R Block Price Performance
NYSE HRB opened at $38.63 on Friday. The business has a fifty day moving average price of $37.00 and a two-hundred day moving average price of $35.70. The stock has a market capitalization of $4.90 billion, a PE ratio of 6.87, a PEG ratio of 0.55 and a beta of 0.36. H&R Block, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $57.55.
H&R Block (NYSE:HRB – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.77 by $0.25. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company posted $5.38 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. As a group, sell-side analysts expect that H&R Block, Inc. will post 5.18 earnings per share for the current year.
H&R Block Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Wednesday, June 3rd. H&R Block’s payout ratio is currently 29.89%.
H&R Block Company 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.
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