Illinois Municipal Retirement Fund lifted its stake in H&R Block, Inc. (NYSE:HRB – Free Report) by 30.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 137,280 shares of the company’s stock after purchasing an additional 32,116 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in H&R Block were worth $4,357,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Group AG lifted its position in shares of H&R Block by 19.2% during the fourth quarter. UBS Group AG now owns 934,917 shares of the company’s stock worth $40,744,000 after purchasing an additional 150,719 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of H&R Block by 1,999.7% in the fourth quarter. Sound Income Strategies LLC now owns 106,077 shares of the company’s stock valued at $4,461,000 after purchasing an additional 101,025 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in H&R Block during the 1st quarter worth approximately $1,523,000. M&T Bank Corp increased its stake in H&R Block by 634.2% during the 4th quarter. M&T Bank Corp now owns 254,055 shares of the company’s stock worth $11,072,000 after buying an additional 219,450 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in H&R Block by 101.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 75,473 shares of the company’s stock worth $3,289,000 after buying an additional 37,998 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on HRB shares. Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Zacks Research raised H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research note on Monday, April 27th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, H&R Block currently has an average rating of “Moderate Buy” and an average price target of $41.00.
H&R Block Stock Performance
Shares of H&R Block stock opened at $42.09 on Friday. H&R Block, Inc. has a one year low of $28.16 and a one year high of $56.76. The company has a market cap of $5.34 billion, a PE ratio of 7.49, a P/E/G ratio of 0.60 and a beta of 0.36. The business has a 50-day simple moving average of $38.01 and a 200-day simple moving average of $35.66.
H&R Block (NYSE:HRB – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.77 by $0.25. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, sell-side analysts predict that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.
H&R Block Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.0%. H&R Block’s dividend payout ratio is currently 29.89%.
About H&R Block
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.
Read More
- Five stocks we like better than H&R Block
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block, Inc. (NYSE:HRB – Free Report).
Receive News & Ratings for H&R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block and related companies with MarketBeat.com's FREE daily email newsletter.
