Boston Trust Walden Corp Acquires 129,094 Shares of H&R Block, Inc. $HRB

Key Points

• Boston Trust Walden Corp increased its stake in H&R Block by 17.5%, acquiring an additional 129,094 shares, bringing total holdings to 864,851 shares valued at approximately $47.5 million.
• H&R Block's recent quarterly earnings showed $2.27 EPS, missing expectations by $0.54, despite reporting revenue of $1.11 billion, which exceeded analysts' estimates.
• The company recently declared a quarterly dividend of $0.42 per share, up from $0.38, indicating a robust annual yield of 3.3%.

Boston Trust Walden Corp boosted its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 864,851 shares of the company's stock after acquiring an additional 129,094 shares during the quarter. Boston Trust Walden Corp owned 0.65% of H&R Block worth $47,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HRB. New Vernon Capital Holdings II LLC lifted its position in H&R Block by 5,391.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company's stock valued at $34,113,000 after acquiring an additional 609,938 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in H&R Block during the 1st quarter valued at $30,429,000. Northern Trust Corp raised its stake in H&R Block by 11.2% during the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after buying an additional 263,274 shares during the last quarter. LSV Asset Management raised its stake in H&R Block by 14.3% during the 1st quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock valued at $91,571,000 after buying an additional 209,019 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in H&R Block during the 1st quarter valued at $10,629,000. 90.14% of the stock is owned by institutional investors.

H&R Block Trading Up 1.8%

NYSE:HRB opened at $51.63 on Wednesday. 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 capitalization of $6.60 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 0.82 and a beta of 0.31. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.62. The business has a fifty day moving average price of $51.06 and a 200-day moving average price of $55.00.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, September 4th. This is a boost from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio (DPR) is currently 37.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HRB. Barrington Research reiterated an "outperform" rating and set a $62.00 target price on shares of H&R Block in a research note on Tuesday, September 23rd. The Goldman Sachs Group decreased their target price on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating for the company 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, Weiss Ratings reiterated a "buy (b-)" rating on shares of H&R Block in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $55.00.

About H&R Block

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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