Ibex Wealth Advisors Buys 6,437 Shares of H&R Block, Inc. $HRB

Ibex Wealth Advisors increased its position in H&R Block, Inc. (NYSE:HRB) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,325 shares of the company’s stock after purchasing an additional 6,437 shares during the quarter. H&R Block makes up about 1.2% of Ibex Wealth Advisors’ portfolio, making the stock its 21st biggest position. Ibex Wealth Advisors owned approximately 0.15% of H&R Block worth $11,051,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vise Technologies Inc. bought a new stake in H&R Block during the second quarter valued at about $229,000. Allworth Financial LP lifted its position in shares of H&R Block by 64.8% during the second quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock valued at $273,000 after buying an additional 1,957 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of H&R Block by 57.0% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 86,742 shares of the company’s stock valued at $4,761,000 after buying an additional 31,494 shares in the last quarter. ProShare Advisors LLC grew its position in shares of H&R Block by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 5,936 shares of the company’s stock worth $326,000 after buying an additional 233 shares during the last quarter. Finally, Midwest Trust Co bought a new position in shares of H&R Block during the 2nd quarter worth approximately $9,678,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Down 3.6%

HRB stock opened at $49.62 on Monday. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.62. The firm’s fifty day moving average is $50.87 and its 200 day moving average is $54.07. The firm has a market cap of $6.34 billion, a PE ratio of 11.10, a P/E/G ratio of 0.82 and a beta of 0.32.

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

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Thursday, December 4th will be given 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 currently 37.75%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Barrington Research restated an “outperform” rating and set a $62.00 price objective on shares of H&R Block in a report on Monday, October 27th. The Goldman Sachs Group decreased 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 research report on Wednesday, August 13th. Finally, Weiss Ratings downgraded shares of H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.