H&R Block, Inc. (NYSE:HRB) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 67.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,688,751 shares of the company's stock after selling 3,530,711 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.26% of H&R Block worth $92,729,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of H&R Block by 98.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company's stock worth $5,667,000 after acquiring an additional 49,827 shares in the last quarter. Truist Financial Corp raised its position in shares of H&R Block by 13.5% in the 1st quarter. Truist Financial Corp now owns 767,369 shares of the company's stock worth $42,136,000 after acquiring an additional 91,075 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of H&R Block by 17.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company's stock worth $38,639,000 after acquiring an additional 105,973 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of H&R Block in the 1st quarter worth $1,317,000. Finally, Brown Advisory Inc. raised its position in shares of H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock worth $656,000 after acquiring an additional 191 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HRB shares. The Goldman Sachs Group reduced their target price on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a research report on Wednesday. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Finally, Barrington Research reduced their target price on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday.

H&R Block Stock Performance

H&R Block stock traded up $0.78 during trading hours on Friday, hitting $50.15. 2,422,271 shares of the stock traded hands, compared to its average volume of 1,499,851. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.78. The firm's 50 day moving average price is $54.94 and its 200-day moving average price is $55.68. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.80 and a beta of 0.24. H&R Block, Inc. has a 1 year low of $47.00 and a 1 year high of $68.45.

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). H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the company earned $1.89 EPS. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Thursday, September 4th will be paid a $0.42 dividend. The ex-dividend date is Thursday, September 4th. This is a positive change from H&R Block's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. H&R Block's dividend payout ratio (DPR) is currently 33.56%.

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.