Cygnus Capital Advisors LLC acquired a new position in H&R Block, Inc. (NYSE:HRB – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 48,664 shares of the company’s stock, valued at approximately $1,853,000. H&R Block comprises about 1.3% of Cygnus Capital Advisors LLC’s holdings, making the stock its 27th biggest holding.
Several other large investors also recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in shares of H&R Block by 3,648.3% during the 2nd quarter. California State Teachers Retirement System now owns 5,592,886 shares of the company’s stock worth $212,977,000 after acquiring an additional 5,443,675 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of H&R Block by 4.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,516 shares of the company’s stock worth $186,763,000 after purchasing an additional 191,608 shares in the last quarter. Boston Partners raised its holdings in H&R Block by 20.2% in the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after purchasing an additional 652,690 shares during the period. Lazard Asset Management LLC raised its holdings in H&R Block by 50.9% in the 1st quarter. Lazard Asset Management LLC now owns 3,761,094 shares of the company’s stock worth $119,377,000 after purchasing an additional 1,269,064 shares during the period. Finally, AQR Capital Management LLC lifted its position in H&R Block by 31.2% during the fourth quarter. AQR Capital Management LLC now owns 3,402,728 shares of the company’s stock valued at $146,998,000 after purchasing an additional 809,438 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on HRB. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group boosted their price objective on H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Barrington Research raised their target price on shares of H&R Block from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, Stephens assumed coverage on shares of H&R Block in a report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target on the stock. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, H&R Block has a consensus rating of “Hold” and a consensus target price of $46.67.
H&R Block Stock Down 0.3%
NYSE HRB opened at $48.93 on Tuesday. The stock’s 50 day moving average is $45.93 and its 200 day moving average is $37.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 12.69. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $58.67. The stock has a market cap of $6.20 billion, a PE ratio of 8.55, a P/E/G ratio of 0.64 and a beta of 0.36.
H&R Block (NYSE:HRB – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. The company’s revenue was up 255.5% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Research analysts predict that H&R Block, Inc. will post 6.11 EPS for the current fiscal year.
H&R Block Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 3.8%. This is an increase from H&R Block’s previous quarterly dividend of $0.42. H&R Block’s payout ratio is presently 32.17%.
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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