Campbell & CO Investment Adviser LLC Has $1.26 Million Stock Position in H&R Block, Inc. $HRB

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in H&R Block by 50.8% in the first quarter, selling 23,625 shares and holding 22,913 shares valued at $1,258,000.
• H&R Block's stock price decreased by 2.9%, with its recent trading range between a low of $47.00 and a high of $65.08 over the past 12 months.
• The company announced an increase in its quarterly dividend to $0.42 per share, set to be paid on October 6th, enhancing its annualized dividend yield to 3.3%.

Campbell & CO Investment Adviser LLC cut its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 50.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,913 shares of the company's stock after selling 23,625 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in H&R Block were worth $1,258,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Jump Financial LLC bought a new position in shares of H&R Block during the first quarter worth approximately $416,000. SVB Wealth LLC bought a new position in shares of H&R Block during the first quarter worth approximately $26,000. Kestra Advisory Services LLC increased its holdings in shares of H&R Block by 7.4% during the first quarter. Kestra Advisory Services LLC now owns 27,561 shares of the company's stock worth $1,513,000 after purchasing an additional 1,910 shares during the period. Compound Planning Inc. bought a new position in shares of H&R Block during the first quarter worth approximately $212,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of H&R Block by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 976,797 shares of the company's stock worth $53,637,000 after purchasing an additional 9,428 shares during the period. 90.14% of the stock is owned by institutional investors.

H&R Block Price Performance

H&R Block stock traded up $0.23 during mid-day trading on Friday, reaching $50.36. The company had a trading volume of 2,240,143 shares, compared to its average volume of 2,069,680. 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 current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a market cap of $6.75 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.81 and a beta of 0.24. The business has a fifty day simple moving average of $54.08 and a 200 day simple moving average of $55.46.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share 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 during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $1.89 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

The business also recently announced 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 is an increase from H&R Block's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, September 4th. H&R Block's dividend payout ratio (DPR) is 33.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Northcoast Research cut shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. The Goldman Sachs Group reduced their price target on shares of 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. Barrington Research reduced their price target on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Finally, Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, H&R Block 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.