AlphaQuest LLC Has $322,000 Position in H&R Block, Inc. $HRB

Key Points

• AlphaQuest LLC reduced its stake in H&R Block by 48.5%, now owning 5,864 shares valued at approximately $322,000 following the sale of 5,523 shares during the 1st quarter.
• H&R Block recently reported $2.27 EPS for the quarter, missing analysts' expectations of $2.81, although its quarterly revenue of $1.11 billion surpassed estimates.
• The company declared an increase in its quarterly dividend from $0.38 to $0.42, resulting in an annual yield of 3.4% with a dividend payout ratio of 33.56%.

AlphaQuest LLC cut its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 48.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,864 shares of the company's stock after selling 5,523 shares during the period. AlphaQuest LLC's holdings in H&R Block were worth $322,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HRB. Hsbc Holdings PLC increased its position in H&R Block by 293.0% in the 4th quarter. Hsbc Holdings PLC now owns 22,981 shares of the company's stock valued at $1,211,000 after acquiring an additional 17,134 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of H&R Block during the 4th quarter worth approximately $306,000. Boothbay Fund Management LLC purchased a new stake in shares of H&R Block during the 4th quarter worth approximately $534,000. Northern Trust Corp boosted its stake in shares of H&R Block by 8.9% during the 4th quarter. Northern Trust Corp now owns 2,345,222 shares of the company's stock worth $123,922,000 after acquiring an additional 191,595 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in H&R Block by 5.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,312 shares of the company's stock valued at $439,000 after buying an additional 410 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Price Performance

Shares of NYSE HRB traded down $0.25 during mid-day trading on Tuesday, reaching $50.10. 1,102,421 shares of the company traded hands, compared to its average volume of 1,515,353. H&R Block, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.90. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $6.71 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.82 and a beta of 0.26. The stock has a fifty day simple moving average of $53.99 and a 200-day simple moving average of $55.50.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 EPS. 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 EPS for the current fiscal year.

H&R Block Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.4%. This is a positive change from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. H&R Block's dividend payout ratio (DPR) is presently 33.56%.

Analyst Upgrades and Downgrades

HRB has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price objective on H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a report on Wednesday, August 13th. Barrington Research dropped their price objective on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $55.00.

H&R Block Company 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.