H&R Block, Inc. $HRB Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in H&R Block, Inc. (NYSE:HRB) by 79.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,987 shares of the company’s stock after selling 64,579 shares during the period. Truist Financial Corp’s holdings in H&R Block were worth $740,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in H&R Block by 85.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock worth $119,000 after acquiring an additional 1,009 shares during the period. Jones Financial Companies Lllp grew its holdings in H&R Block by 3.6% during the first quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock worth $627,000 after acquiring an additional 400 shares during the period. Goldman Sachs Group Inc. grew its holdings in H&R Block by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock worth $46,593,000 after acquiring an additional 112,127 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in H&R Block by 100.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in H&R Block by 119.2% during the second quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock worth $50,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

HRB opened at $37.20 on Monday. The business’s fifty day moving average is $31.96 and its two-hundred day moving average is $37.68. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 0.58 and a beta of 0.29. H&R Block, Inc. has a one year low of $28.16 and a one year high of $59.05.

H&R Block (NYSE:HRB) last posted its earnings results on Wednesday, May 6th. The company reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.77 by $0.25. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.34 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.H&R Block’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, analysts predict that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, June 3rd. H&R Block’s payout ratio is presently 29.89%.

Analyst Upgrades and Downgrades

HRB has been the topic of a number of recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a report on Monday, April 27th. Zacks Research raised H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group dropped their price objective on H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a report on Friday, February 6th. Finally, Weiss Ratings raised H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.