Blue Trust Inc. Boosts Stake in H&R Block, Inc. $HRB

Blue Trust Inc. raised its position in shares of H&R Block, Inc. (NYSE:HRB) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,972 shares of the company’s stock after acquiring an additional 959 shares during the period. Blue Trust Inc.’s holdings in H&R Block were worth $492,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in H&R Block during the first quarter valued at about $26,000. Brooklyn Investment Group grew its position in H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock valued at $28,000 after acquiring an additional 215 shares during the period. Signaturefd LLC boosted its position in shares of H&R Block by 40.0% in the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after buying an additional 186 shares during the period. Bogart Wealth LLC boosted its position in shares of H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after buying an additional 200 shares during the period. Finally, Covestor Ltd boosted its position in shares of H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock worth $75,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HRB. Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group decreased their target price on 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. Barrington Research reaffirmed an “outperform” rating and issued a $62.00 target price on shares of H&R Block in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H&R Block in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, H&R Block presently has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block Trading Up 2.4%

Shares of HRB opened at $50.81 on Monday. The company has a market capitalization of $6.50 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.82 and a beta of 0.31. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.62. 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 stock has a 50-day moving average price of $51.21 and a 200 day moving average price of $55.05.

H&R Block (NYSE:HRB) last issued its quarterly 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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, September 4th. This is an increase from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.3%. H&R Block’s payout ratio is currently 37.58%.

H&R Block 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.