Assenagon Asset Management S.A. Takes $4.46 Million Position in H&R Block, Inc. $HRB

Key Points

• Assenagon Asset Management bought 116,980 H&R Block shares worth approximately $4.46 million, joining other institutions that have increased their holdings; institutional investors now own 90.14% of the stock.
• H&R Block exceeded quarterly expectations with $2.38 in EPS and $1.14 billion in revenue. Management’s fiscal 2027 outlook of $6.04–$6.24 adjusted EPS also topped analyst consensus.
• The company raised its quarterly dividend from $0.42 to $0.46 per share, representing an annualized yield of about 3.4%. Analyst views remain mixed, with an overall “Hold” rating and a consensus price target of $46.67.

Assenagon Asset Management S.A. purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 116,980 shares of the company's stock, valued at approximately $4,455,000. Assenagon Asset Management S.A. owned approximately 0.09% of H&R Block at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HRB. GAMMA Investing LLC increased its stake in H&R Block by 96.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,315 shares of the company's stock valued at $88,000 after buying an additional 1,139 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of H&R Block by 54.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company's stock worth $34,000 after buying an additional 314 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of H&R Block by 29.9% in the 1st quarter. Pacer Advisors Inc. now owns 692,760 shares of the company's stock worth $21,988,000 after buying an additional 159,369 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of H&R Block in the 1st quarter worth approximately $655,000. Finally, Lodge Hill Capital LLC grew its holdings in shares of H&R Block by 31.2% in the first quarter. Lodge Hill Capital LLC now owns 1,050,000 shares of the company's stock valued at $33,327,000 after acquiring an additional 250,000 shares in the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Price Performance

H&R Block stock opened at $54.16 on Thursday. The firm has a market capitalization of $6.87 billion, a P/E ratio of 9.47, a PEG ratio of 0.66 and a beta of 0.34. H&R Block, Inc. has a one year low of $28.16 and a one year high of $58.67. The business has a fifty day moving average price of $40.33 and a 200-day moving average price of $35.82.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.21 by $0.17. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.12 billion. H&R Block had a net margin of 18.59% and a negative return on equity of 147.59%. H&R Block's revenue for the quarter was up 255.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 earnings per share. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Sell-side analysts expect that H&R Block, Inc. will post 5.65 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, September 3rd will be paid a $0.46 dividend. This is a boost from H&R Block's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 3rd. H&R Block's payout ratio is currently 29.37%.

H&R Block News Roundup

Here are the key news stories impacting H&R Block this week:

• Positive Sentiment: Quarterly results exceeded expectations. H&R Block reported fiscal fourth-quarter adjusted EPS of $2.38, above the $2.21-$2.23 analyst estimates, while revenue reached $1.14 billion versus expectations near $1.12 billion. Annual revenue grew 5%, and operating cash flow increased 23%. H&R Block Fiscal 2026 Results
• Positive Sentiment: Fiscal 2027 outlook topped consensus. Management forecast adjusted EPS of $6.04-$6.24 and revenue of approximately $4.11-$4.16 billion, ahead of analyst expectations of roughly $5.82 EPS and $4.0 billion in revenue. The company is prioritizing higher-value customers, retention and an AI-enabled expert service model. H&R Block Fiscal 2027 Outlook
• Positive Sentiment: Shareholder returns increased. H&R Block raised its quarterly dividend 9.5% to $0.46 per share, equivalent to an annualized yield of about 3.4%, marking another year of dividend growth. H&R Block Dividend Increase
• Positive Sentiment: Analyst sentiment improved. Barrington Research raised its HRB price target from $50 to $60 and assigned an “outperform” rating, implying additional upside based on the cited reference price. Barrington Research Price Target Update
• Neutral Sentiment: Call-option volume was unusually high, with 2,201 calls purchased versus an average of 736. This signals bullish speculative positioning but does not guarantee continued gains.
• Neutral Sentiment: Institutional positioning was mixed: some major investors added HRB shares while others reduced or exited positions, offering no clear consensus signal.
• Negative Sentiment: The shift toward a more consultative, AI-enabled model requires increased investment, which could raise near-term expenses and execution risk even as management targets stronger long-term growth.

Analysts Set New Price Targets

HRB has been the subject of a number of research analyst reports. Stephens assumed coverage on H&R Block in a research report on Tuesday, July 28th. They set an "equal weight" rating and a $47.00 price target for the company. Zacks Research cut H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Weiss Ratings upgraded H&R Block from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 2nd. Barrington Research raised their target price on H&R Block from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their target price on H&R Block from $29.00 to $33.00 and gave the company a "sell" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $46.67.

H&R Block Company 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.

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