H&R Block, Inc. $HRB Shares Sold by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. has reduced its stake in H&R Block by 4.7%, now owning 148,150 shares valued at approximately $8.1 million.
• H&R Block's stock reported a 1.6% decline and missed earnings estimates with $2.27 EPS compared to an expected $2.81.
• The company recently announced an increase in its quarterly dividend from $0.38 to $0.42, equating to an annualized dividend yield of 3.4%.

Corebridge Financial Inc. lessened its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,150 shares of the company's stock after selling 7,244 shares during the quarter. Corebridge Financial Inc. owned 0.11% of H&R Block worth $8,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in H&R Block in the 1st quarter valued at approximately $26,000. Brooklyn Investment Group boosted its stake in shares of H&R Block by 72.1% during the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company's stock worth $28,000 after acquiring an additional 215 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Covestor Ltd boosted its stake in shares of H&R Block by 21.8% during the 1st quarter. Covestor Ltd now owns 1,356 shares of the company's stock worth $75,000 after acquiring an additional 243 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after acquiring an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Price Performance

Shares of H&R Block stock traded up $0.85 during trading on Wednesday, hitting $51.20. 512,052 shares of the company were exchanged, compared to its average volume of 1,516,328. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.90. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 0.82 and a beta of 0.26. The firm has a 50 day moving average price of $53.89 and a 200 day moving average price of $55.46.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company's revenue for the quarter 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 analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be issued a $0.42 dividend. This is a boost from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.3%. H&R Block's payout ratio is presently 33.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HRB shares. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Barrington Research decreased their price target on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group decreased their price target on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $55.00.

H&R Block 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.