Truist Financial Corp Decreases Position in H&R Block, Inc. $HRB

Truist Financial Corp trimmed its position in shares of H&R Block, Inc. (NYSE:HRB – Free Report) by 79.2% during the fourth quarter, Holdings Channel reports. The firm owned 16,987 shares of the company’s stock after selling 64,579 shares during the quarter. Truist Financial Corp’s holdings in H&R Block were worth $740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC lifted its position in shares of H&R Block by 134.4% in the third quarter. Clearstead Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of H&R Block in the third quarter valued at $27,000. Abound Wealth Management lifted its position in shares of H&R Block by 208.0% in the fourth quarter. Abound Wealth Management now owns 616 shares of the company’s stock valued at $27,000 after acquiring an additional 416 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in shares of H&R Block in the fourth quarter valued at $33,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of H&R Block in the fourth quarter valued at $34,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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H&R Block Trading Down 0.1%

Shares of NYSE:HRB opened at $37.20 on Monday. The stock’s 50-day moving average price is $31.96 and its two-hundred day moving average price is $37.68. H&R Block, Inc. has a 12-month low of $28.16 and a 12-month high of $59.05. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 0.58 and a beta of 0.29.

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, topping analysts’ consensus estimates 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the company earned $5.38 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. As a group, research analysts forecast that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is presently 29.89%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barrington Research restated an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. The Goldman Sachs Group cut their price objective on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a research report on Friday, February 6th. Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, H&R Block has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Read Our Latest Stock Analysis on H&R Block

About H&R Block

(Free Report)

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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