Bank of Montreal Can Has $8.12 Million Position in H&R Block, Inc. $HRB

Bank of Montreal Can raised its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 427.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 147,921 shares of the company’s stock after buying an additional 119,902 shares during the period. Bank of Montreal Can’s holdings in H&R Block were worth $8,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HRB. Burney Co. lifted its stake in shares of H&R Block by 2.5% during the 2nd quarter. Burney Co. now owns 45,842 shares of the company’s stock worth $2,516,000 after buying an additional 1,112 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in H&R Block during the second quarter worth approximately $1,301,000. AlphaStar Capital Management LLC acquired a new stake in H&R Block during the second quarter worth approximately $217,000. Silver Coast Investments LLC grew its position in shares of H&R Block by 5.4% in the second quarter. Silver Coast Investments LLC now owns 6,428 shares of the company’s stock valued at $353,000 after purchasing an additional 332 shares during the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of H&R Block in the second quarter valued at approximately $439,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Trading Down 3.6%

HRB opened at $49.62 on Monday. H&R Block, Inc. has a twelve month low of $47.00 and a twelve month high of $64.62. The company has a 50-day simple moving average of $50.87 and a 200 day simple moving average of $54.07. 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 stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 0.82 and a beta of 0.32.

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

H&R Block Announces Dividend

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 paid a dividend of $0.42 per share. The ex-dividend date is Thursday, December 4th. This represents a $1.68 annualized dividend and a yield of 3.4%. H&R Block’s dividend payout ratio is presently 37.75%.

Analyst Ratings Changes

HRB has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target 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. Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Barrington Research restated an “outperform” rating and issued a $62.00 price target on shares of H&R Block in a research note on Monday, October 27th. Finally, Weiss Ratings lowered shares of H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, H&R Block currently 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.