Convergence Investment Partners LLC Sells 3,003 Shares of H&R Block, Inc. $HRB

Convergence Investment Partners LLC cut its holdings in H&R Block, Inc. (NYSE:HRB) by 13.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,906 shares of the company’s stock after selling 3,003 shares during the period. Convergence Investment Partners LLC’s holdings in H&R Block were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. New Vernon Capital Holdings II LLC boosted its holdings in H&R Block by 5,391.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company’s stock valued at $34,113,000 after purchasing an additional 609,938 shares during the period. Miller Howard Investments Inc. NY bought a new position in H&R Block in the 1st quarter valued at $30,429,000. Northern Trust Corp boosted its holdings in H&R Block by 11.2% in the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company’s stock valued at $143,233,000 after purchasing an additional 263,274 shares during the period. LSV Asset Management boosted its holdings in H&R Block by 14.3% in the 1st quarter. LSV Asset Management now owns 1,667,652 shares of the company’s stock valued at $91,571,000 after purchasing an additional 209,019 shares during the period. Finally, Edgestream Partners L.P. bought a new position in H&R Block in the 1st quarter valued at $10,629,000. 90.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on HRB. The Goldman Sachs Group cut 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 report on Wednesday, August 13th. Weiss Ratings downgraded shares of H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Barrington Research restated an “outperform” rating and set a $62.00 price objective on shares of H&R Block in a research report on Monday. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block Stock Performance

H&R Block stock opened at $52.39 on Tuesday. The firm’s fifty day moving average price is $50.99 and its 200-day moving average price is $54.76. 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 market cap of $6.70 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.85 and a beta of 0.31. H&R Block, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.62.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.54). The company had revenue of $1.11 billion for 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 business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, equities research analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

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

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.