New York State Teachers Retirement System Cuts Stock Position in H&R Block, Inc. $HRB

New York State Teachers Retirement System lessened its holdings in H&R Block, Inc. (NYSE:HRB) by 0.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 151,679 shares of the company’s stock after selling 965 shares during the quarter. New York State Teachers Retirement System’s holdings in H&R Block were worth $8,326,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HRB. GAMMA Investing LLC increased its stake in H&R Block by 129.2% in the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company’s stock worth $83,000 after buying an additional 850 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of H&R Block by 18.0% during the 1st quarter. Blue Trust Inc. now owns 8,013 shares of the company’s stock valued at $440,000 after purchasing an additional 1,221 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of H&R Block by 7.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,328 shares of the company’s stock valued at $897,000 after purchasing an additional 1,100 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of H&R Block during the 1st quarter valued at about $1,317,000. Finally, Lecap Asset Management Ltd. boosted its holdings in shares of H&R Block by 510.6% during the 1st quarter. Lecap Asset Management Ltd. now owns 23,179 shares of the company’s stock valued at $1,273,000 after purchasing an additional 19,383 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Up 2.6%

Shares of NYSE:HRB opened at $52.67 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a 12 month low of $47.00 and a 12 month high of $64.62. The company has a 50-day moving average price of $50.86 and a 200 day moving average price of $54.90. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.85 and a beta of 0.31.

H&R Block (NYSE:HRB) last announced 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). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business posted $1.89 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Thursday, September 4th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 4th. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. H&R Block’s payout ratio is 37.58%.

Analyst Ratings Changes

Several research firms have commented on HRB. Barrington Research reissued an “outperform” rating and set a $62.00 price objective on shares of H&R Block in a report on Tuesday, September 23rd. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. The Goldman Sachs Group dropped their price objective on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of H&R Block in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.00.

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.