Sound Income Strategies LLC Has $8.26 Million Stock Holdings in H&R Block, Inc. $HRB

Sound Income Strategies LLC lifted its position in H&R Block, Inc. (NYSE:HRB) by 145.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 259,921 shares of the company’s stock after purchasing an additional 153,844 shares during the quarter. Sound Income Strategies LLC’s holdings in H&R Block were worth $8,263,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Boston Trust Walden Corp boosted its position in H&R Block by 15.3% in the first quarter. Boston Trust Walden Corp now owns 895,236 shares of the company’s stock valued at $28,415,000 after buying an additional 118,927 shares in the last quarter. Keybank National Association OH increased its holdings in shares of H&R Block by 40.4% during the first quarter. Keybank National Association OH now owns 6,520 shares of the company’s stock worth $207,000 after buying an additional 1,875 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of H&R Block by 7.4% in the first quarter. Janney Montgomery Scott LLC now owns 104,966 shares of the company’s stock valued at $3,332,000 after acquiring an additional 7,256 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of H&R Block by 6.3% in the first quarter. Pictet Asset Management Holding SA now owns 19,881 shares of the company’s stock valued at $631,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of H&R Block in the 1st quarter worth approximately $1,168,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analyst Ratings Changes

HRB has been the topic of a number of research analyst reports. Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of H&R Block in a research report on Friday, May 29th. Finally, Barrington Research reissued an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.00.

H&R Block Trading Up 1.7%

HRB opened at $40.01 on Friday. H&R Block, Inc. has a 1-year low of $28.16 and a 1-year high of $57.55. The stock has a market capitalization of $5.07 billion, a PE ratio of 7.12, a PEG ratio of 0.56 and a beta of 0.36. The firm has a 50-day moving average price of $36.16 and a two-hundred day moving average price of $35.85.

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

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.68 annualized dividend and a yield of 4.2%. H&R Block’s dividend payout ratio is currently 29.89%.

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.