7,683 Shares in Block, Inc. $XYZ Acquired by Independent Financial Group LLC

Posted by Francis Steltz on Jul 24th, 2026

Independent Financial Group LLC bought a new position in shares of Block, Inc. (NYSE:XYZ – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund bought 7,683 shares of the technology company’s stock, valued at approximately $462,000.

Several other large investors have also modified their holdings of XYZ. Sound Income Strategies LLC grew its holdings in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Global Assets Advisory LLC purchased a new stake in Block in the 1st quarter valued at about $31,000. Rachor Investment Advisory Services LLC acquired a new position in Block in the fourth quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC lifted its position in Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new position in Block during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Activity at Block

In other Block news, Director Anthony Mathew Eisen sold 135,750 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50. Following the sale, the director owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total value of $606,975.00. Following the completion of the transaction, the chief financial officer owned 463,246 shares of the company’s stock, valued at $34,743,450. The trade was a 1.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 323,300 shares of company stock worth $24,742,756. Company insiders own 11.37% of the company’s stock.

Block Price Performance

Shares of XYZ opened at $76.64 on Friday. The company has a market cap of $45.61 billion, a P/E ratio of 59.87, a PEG ratio of 0.98 and a beta of 2.54. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $84.08. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average price is $74.30 and its 200 day moving average price is $67.00.

Block (NYSE:XYZ – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.06 billion during the quarter. During the same period in the prior year, the business earned $0.56 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, research analysts forecast that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XYZ has been the subject of a number of recent analyst reports. Craig Hallum initiated coverage on shares of Block in a research report on Tuesday, June 30th. They set a “buy” rating for the company. Loop Capital started coverage on shares of Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price objective for the company. Barclays began coverage on shares of Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price for the company. Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Oppenheimer cut Block from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.48.

View Our Latest Analysis on Block

Block Profile

(Free Report)

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.