H&R Block, Inc. $HRB Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in H&R Block, Inc. (NYSE:HRB) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,630,953 shares of the company’s stock after selling 26,235 shares during the period. Bank of New York Mellon Corp’s holdings in H&R Block were worth $89,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. SVB Wealth LLC purchased a new stake in H&R Block during the 1st quarter worth approximately $26,000. Brooklyn Investment Group boosted its stake in shares of H&R Block by 72.1% in the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after acquiring an additional 215 shares during the last quarter. Signaturefd LLC increased its position in shares of H&R Block by 40.0% during the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after purchasing an additional 186 shares in 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, Assetmark Inc. lifted its holdings in H&R Block by 31.3% in the 2nd quarter. Assetmark Inc. now owns 1,071 shares of the company’s stock valued at $59,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Down 3.6%

NYSE:HRB opened at $49.62 on Friday. H&R Block, Inc. has a 52 week low of $47.00 and a 52 week high of $64.62. The stock’s fifty day moving average is $50.87 and its two-hundred day moving average is $54.10. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.82 and a beta of 0.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 6th. The company reported ($1.20) earnings per share for the quarter, beating the consensus estimate of ($1.40) by $0.20. The company had revenue of $203.55 million during the quarter, compared to the consensus estimate of $200.13 million. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.H&R Block’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.17) EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, December 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. H&R Block’s dividend payout ratio is 37.75%.

Wall Street Analysts Forecast Growth

HRB has been the subject of a number of research reports. Barrington Research reaffirmed an “outperform” rating and set a $62.00 target price on shares of H&R Block in a report on Monday, October 27th. Weiss Ratings cut shares of H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. The Goldman Sachs Group cut 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, Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.