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. decreased its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 148,150 shares of the company's stock after selling 7,244 shares during the period. Corebridge Financial Inc. owned about 0.11% of H&R Block worth $8,135,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in shares of H&R Block during the 1st quarter worth approximately $26,000. Brooklyn Investment Group raised 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 purchasing an additional 215 shares in the last quarter. Bogart Wealth LLC raised 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 purchasing an additional 200 shares in the last quarter. Covestor Ltd raised 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 purchasing an additional 243 shares in the last quarter. Finally, GAMMA Investing LLC raised 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 purchasing an additional 850 shares in the last quarter. Institutional investors own 90.14% of the company's stock.

Wall Street Analyst Weigh In

HRB has been the topic of a number of recent analyst reports. Barrington Research decreased their target price on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group lowered their price objective 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. Finally, Zacks Research downgraded 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $55.00.

H&R Block Price Performance

Shares of NYSE:HRB traded up $0.23 during mid-day trading on Friday, reaching $50.36. The stock had a trading volume of 2,240,143 shares, compared to its average volume of 2,127,650. 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 price-to-earnings-growth ratio of 0.82 and a beta of 0.26. H&R Block, Inc. has a 1 year low of $47.00 and a 1 year high of $64.90. The business's 50 day moving average price is $54.08 and its 200 day moving average price is $55.51.

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 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 the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The company's revenue was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Research analysts expect that H&R Block, Inc. will post 5.25 EPS 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. Stockholders of record on Thursday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 4th. This is a boost 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 payout ratio is currently 33.56%.

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.