Allspring Global Investments Holdings LLC Sells 56,730 Shares of H&R Block, Inc. $HRB

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in H&R Block by 56.4%, selling 56,730 shares and now holds 43,871 shares valued at approximately $2.45 million.
• H&R Block recently increased its quarterly dividend to $0.42 per share, marking an annualized yield of 3.2%, up from the previous $0.38.
• Wall Street analysts maintain a mixed outlook on H&R Block, with ratings ranging from buy to sell, and an average price target of $55.00.

Allspring Global Investments Holdings LLC lowered its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 56.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,871 shares of the company's stock after selling 56,730 shares during the period. Allspring Global Investments Holdings LLC's holdings in H&R Block were worth $2,447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HRB. New Vernon Capital Holdings II LLC boosted its position in H&R Block by 5,391.0% in the first quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company's stock worth $34,113,000 after purchasing an additional 609,938 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new position in H&R Block in the first quarter worth $30,429,000. Northern Trust Corp boosted its position in H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock worth $143,233,000 after purchasing an additional 263,274 shares during the last quarter. LSV Asset Management boosted its position in H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock worth $91,571,000 after purchasing an additional 209,019 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in H&R Block in the first quarter worth $10,629,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reissued a "buy (b-)" rating on shares of H&R Block in a research report on Wednesday, October 8th. Barrington Research reaffirmed an "outperform" rating and set a $62.00 price target on shares of H&R Block in a research report on Tuesday, September 23rd. The Goldman Sachs Group dropped their price target on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a research report on Wednesday, August 13th. Finally, Zacks Research cut H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $55.00.

H&R Block Stock Performance

NYSE:HRB opened at $51.97 on Wednesday. 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 52-week low of $47.00 and a 52-week high of $64.62. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.83 and a beta of 0.31. The business's fifty day moving average is $50.81 and its 200 day moving average is $54.85.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The business's revenue for the quarter 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. Research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were paid a $0.42 dividend. The ex-dividend date was Thursday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.2%. This is an increase from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio is currently 37.58%.

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.

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