Framtiden Holdings Management Co LLC purchased a new position in H&R Block, Inc. (NYSE:HRB – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 275,000 shares of the company’s stock, valued at approximately $11,984,000. H&R Block accounts for 13.0% of Framtiden Holdings Management Co LLC’s portfolio, making the stock its 6th biggest holding.
Several other large investors also recently bought and sold shares of HRB. Norges Bank purchased a new stake in shares of H&R Block during the fourth quarter valued at approximately $69,441,000. AQR Capital Management LLC boosted its stake in shares of H&R Block by 60.4% in the third quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock valued at $130,961,000 after purchasing an additional 976,069 shares during the period. Ranmore Fund Management Ltd acquired a new stake in H&R Block during the 4th quarter valued at $41,314,000. Boston Partners grew its holdings in H&R Block by 20.2% during the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock valued at $196,542,000 after purchasing an additional 652,690 shares in the last quarter. Finally, Millennium Management LLC increased its stake in H&R Block by 268.1% during the 4th quarter. Millennium Management LLC now owns 839,268 shares of the company’s stock worth $36,575,000 after buying an additional 611,265 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H&R Block in a research report on Friday, May 29th. Finally, Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, H&R Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.
H&R Block Trading Down 2.6%
HRB stock opened at $34.41 on Friday. The firm has a 50 day simple moving average of $35.05 and a 200-day simple moving average of $36.22. The company has a market capitalization of $4.36 billion, a P/E ratio of 6.12, a PEG ratio of 0.55 and a beta of 0.35. H&R Block, Inc. has a twelve month low of $28.16 and a twelve month high of $57.55.
H&R Block (NYSE:HRB – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.77 by $0.25. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.34 billion. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.38 EPS. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, research analysts predict that H&R Block, Inc. will post 5.18 EPS for the current year.
H&R Block Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors 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 4.9%. The ex-dividend date is Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is 29.89%.
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.
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