H&R Block, Inc. $HRB Shares Sold by Campbell & CO Investment Adviser LLC

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 reduced 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 filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,913 shares of the company's stock after selling 23,625 shares during the period. Campbell & CO Investment Adviser LLC's holdings in H&R Block were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new position in H&R Block during the 1st quarter valued at about $416,000. SVB Wealth LLC acquired a new position in H&R Block during the 1st quarter valued at about $26,000. Kestra Advisory Services LLC increased its position in H&R Block by 7.4% during the 1st quarter. Kestra Advisory Services LLC now owns 27,561 shares of the company's stock valued at $1,513,000 after buying an additional 1,910 shares in the last quarter. Compound Planning Inc. acquired a new position in H&R Block during the 1st quarter valued at about $212,000. Finally, Price T Rowe Associates Inc. MD lifted its position in H&R Block by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 976,797 shares of the company's stock worth $53,637,000 after acquiring an additional 9,428 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

Shares of NYSE HRB traded up $0.23 during mid-day trading on Monday, reaching $50.36. The company's stock had a trading volume of 2,240,143 shares, compared to its average volume of 2,127,650. The stock has a 50-day moving average of $53.99 and a two-hundred day moving average of $55.50. The stock has a market capitalization of $6.75 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.82 and a beta of 0.26. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.90.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 16.11% and a negative return on equity of 191.38%. H&R Block's quarterly revenue 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. On average, 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 company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio is presently 33.56%.

Wall Street Analyst Weigh In

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