Redwood Investment Management LLC Trims Stock Holdings in H&R Block, Inc. $HRB

Redwood Investment Management LLC trimmed its holdings in H&R Block, Inc. (NYSE:HRB) by 9.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,654 shares of the company’s stock after selling 9,798 shares during the period. H&R Block makes up 0.6% of Redwood Investment Management LLC’s investment portfolio, making the stock its 26th biggest holding. Redwood Investment Management LLC owned approximately 0.07% of H&R Block worth $5,088,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HRB. Allspring Global Investments Holdings LLC grew its position in H&R Block by 98.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company’s stock worth $5,667,000 after acquiring an additional 49,827 shares in the last quarter. Truist Financial Corp increased its stake in shares of H&R Block by 13.5% in the first quarter. Truist Financial Corp now owns 767,369 shares of the company’s stock worth $42,136,000 after buying an additional 91,075 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of H&R Block by 17.7% during the first quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company’s stock valued at $38,639,000 after acquiring an additional 105,973 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of H&R Block during the first quarter valued at about $1,317,000. Finally, Brown Advisory Inc. raised its stake in shares of H&R Block by 1.6% during the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock valued at $656,000 after acquiring an additional 191 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HRB. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group reduced their price target on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research report on Wednesday, August 13th. Northcoast Research cut shares of H&R Block from a “buy” rating to a “neutral” rating in a report on Friday, May 2nd. Barrington Research dropped their target price on shares of H&R Block from $70.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, H&R Block currently has a consensus rating of “Hold” and an average target price of $55.00.

H&R Block Stock Performance

Shares of H&R Block stock opened at $51.8830 on Tuesday. The company has a market capitalization of $6.95 billion, a PE ratio of 11.61, a P/E/G ratio of 0.85 and a beta of 0.24. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $54.45 and a two-hundred day simple moving average of $55.56. H&R Block, Inc. has a one year low of $47.00 and a one year high of $65.08.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be issued a $0.42 dividend. This is an increase from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block’s dividend payout ratio is 33.56%.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.