H&R Block, Inc. $HRB Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC cut its stake in shares of H&R Block, Inc. (NYSE:HRB) by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 309,526 shares of the company’s stock after selling 871 shares during the quarter. Moran Wealth Management LLC owned approximately 0.23% of H&R Block worth $16,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of H&R Block during the first quarter worth about $26,000. Brooklyn Investment Group grew its position in shares of H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after buying an additional 215 shares in the last quarter. Signaturefd LLC grew 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 buying an additional 186 shares in the last quarter. Bogart Wealth LLC grew its position in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock worth $75,000 after buying an additional 243 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

HRB stock opened at $50.72 on Tuesday. 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, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.62. The business has a 50 day moving average price of $51.12 and a 200 day moving average price of $55.03. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.82 and a beta of 0.31.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. H&R Block’s quarterly revenue was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Equities research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were paid a $0.42 dividend. This is an increase from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, September 4th. H&R Block’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HRB. The Goldman Sachs Group lowered their price objective on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of H&R Block in a research note on Wednesday, October 8th. Barrington Research restated an “outperform” rating and set a $62.00 target price on shares of H&R Block in a research note on Tuesday, September 23rd. Finally, Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block 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.