Royce & Associates LP Increases Stock Position in H&R Block, Inc. $HRB

Royce & Associates LP increased its position in shares of H&R Block, Inc. (NYSE:HRB) by 47.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 316,067 shares of the company’s stock after buying an additional 101,511 shares during the period. Royce & Associates LP owned 0.25% of H&R Block worth $13,774,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HRB. Clearstead Advisors LLC boosted its holdings in H&R Block by 134.4% during the third quarter. Clearstead Advisors LLC now owns 511 shares of the company’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Abound Wealth Management boosted its holdings in H&R Block by 208.0% during the fourth quarter. Abound Wealth Management now owns 616 shares of the company’s stock worth $27,000 after buying an additional 416 shares in the last quarter. Elevation Wealth Partners LLC purchased a new stake in H&R Block during the fourth quarter worth $33,000. Valley National Advisers Inc. purchased a new stake in H&R Block during the fourth quarter worth $34,000. Finally, Spire Wealth Management boosted its holdings in H&R Block by 61.1% during the fourth quarter. Spire Wealth Management now owns 836 shares of the company’s stock worth $36,000 after buying an additional 317 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Trading Down 0.4%

NYSE:HRB opened at $38.69 on Thursday. The company’s 50-day moving average price is $33.23 and its 200-day moving average price is $37.02. The company has a market cap of $4.90 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.60 and a beta of 0.29. H&R Block, Inc. has a twelve month low of $28.16 and a twelve month high of $59.05.

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

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is currently 29.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. 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 shares of H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

H&R Block 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.