Bank of America Corp DE Has $32.02 Million Stock Holdings in H&R Block, Inc. $HRB

Key Points

• Bank of America reduced its H&R Block stake by 4.3% in the first quarter, selling 45,007 shares and retaining 1.01 million shares valued at approximately $32.0 million. Institutional investors collectively own 90.14% of HRB.
• H&R Block exceeded quarterly expectations, reporting $2.38 in EPS and $1.14 billion in revenue, while issuing fiscal 2027 EPS guidance of $6.04–$6.24. Shares recently traded near a 52-week high, with the stock up 1.2% to $53.96.
• The company raised its quarterly dividend from $0.42 to $0.46 per share, equivalent to a 3.4% annualized yield. Analyst views remain mixed: the consensus rating is “Hold” with a $46.67 price target, despite Barrington Research raising its target to $60.

Bank of America Corp DE decreased its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,008,715 shares of the company's stock after selling 45,007 shares during the quarter. Bank of America Corp DE owned approximately 0.80% of H&R Block worth $32,017,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in H&R Block in the fourth quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. lifted its stake in H&R Block by 100.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company's stock valued at $39,000 after acquiring an additional 357 shares during the last quarter. Bogart Wealth LLC lifted its stake in H&R Block by 51.4% in the first quarter. Bogart Wealth LLC now owns 1,311 shares of the company's stock valued at $42,000 after acquiring an additional 445 shares during the last quarter. Danske Bank A S bought a new stake in H&R Block in the third quarter worth approximately $46,000. Finally, EverSource Wealth Advisors LLC grew its position in H&R Block by 119.2% in the second quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company's stock worth $50,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Trading Up 1.2%

Shares of HRB stock opened at $53.96 on Friday. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $58.67. The company has a quick ratio of 1.00, a current ratio of 1.13 and a debt-to-equity ratio of 12.69. The business's 50 day moving average is $40.96 and its two-hundred day moving average is $36.04. The company has a market cap of $6.84 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.70 and a beta of 0.34.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.17. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The company's quarterly revenue was up 255.5% compared to the same quarter last year. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Equities analysts predict that H&R Block, Inc. will post 6.14 EPS for the current 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 issued a $0.46 dividend. This is a boost from H&R Block's previous quarterly dividend of $0.42. The ex-dividend date is Thursday, September 3rd. This represents a $1.84 annualized dividend and a yield of 3.4%. H&R Block's payout ratio is 32.17%.

Key Stories Impacting H&R Block

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

• Positive Sentiment: H&R Block beat fiscal fourth-quarter earnings and revenue estimates, supported by growth in its tax-preparation and Wave businesses. Management also issued strong fiscal 2027 guidance, helping drive a significant post-earnings rally. H&R Block Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company raised its quarterly dividend by nearly 10% to $0.46 per share, increasing the stock’s income appeal and signaling confidence in cash generation. The larger dividend is a primary reason the shares have moved higher. H&R Block Posted Strong Earnings and Boosted Its Dividend
• Positive Sentiment: Barrington Research raised its price target for H&R Block to $60, adding further support to the bullish view after the earnings release. Barrington Research Increases H&R Block Price Target
• Positive Sentiment: Analyst commentary has highlighted potential for additional upside, while Zacks’ momentum and estimate-revision analysis remains favorable. These views reinforce investor enthusiasm, although they are not company guidance. H&R Block Potential to Double
• Neutral Sentiment: Two longtime directors, Robert A. Gerard and Matthew E. Winter, announced their retirements. The planned board transition could eventually affect governance, but no immediate operational impact was reported. H&R Block Announces Retirement of Two Longtime Directors
• Neutral Sentiment: With HRB at a 52-week high after the rally, investors may focus more closely on whether future earnings growth can justify the higher share price and sustain momentum. H&R Block Reaches New 52-Week High

Analyst Ratings Changes

A number of research analysts have recently weighed in on HRB shares. Barrington Research raised their price target on shares of H&R Block from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday. Stephens assumed coverage on shares of H&R Block in a report on Tuesday, July 28th. They issued an "equal weight" rating and a $47.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of H&R Block from $29.00 to $33.00 and gave the stock a "sell" rating in a research report on Wednesday. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Weiss Ratings raised H&R Block from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 2nd. One investment 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $46.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source