Ethic Inc. Increases Stock Holdings in H&R Block, Inc. $HRB

Ethic Inc. increased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 12.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 20,603 shares of the company’s stock after acquiring an additional 2,354 shares during the period. Ethic Inc.’s holdings in H&R Block were worth $1,127,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HRB. SVB Wealth LLC acquired a new position in H&R Block in the 1st quarter valued at $26,000. Brooklyn Investment Group raised its stake in H&R Block by 72.1% in the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock valued at $28,000 after purchasing an additional 215 shares during the last quarter. Signaturefd LLC raised its stake in H&R Block by 40.0% in the 2nd quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after purchasing an additional 186 shares during the last quarter. Bogart Wealth LLC raised its stake in H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd raised its stake in H&R Block by 21.8% in the 1st quarter. Covestor Ltd now owns 1,356 shares of the company’s stock valued at $75,000 after purchasing an additional 243 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Stock Down 0.2%

Shares of HRB opened at $52.18 on Monday. The stock has a fifty day simple moving average of $50.95 and a two-hundred day simple moving average of $54.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a market capitalization of $6.67 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.85 and a beta of 0.31. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62.

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

H&R Block Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Thursday, September 4th were given a dividend of $0.42 per share. 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 dividend payout ratio is 37.58%.

Analyst Ratings Changes

HRB has been the subject of several recent research reports. Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings downgraded H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. The Goldman Sachs Group reduced their price objective on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research note on Wednesday, August 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $62.00 target price on shares of H&R Block in a research note on Tuesday, September 23rd. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.00.

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.