Dimensional Fund Advisors LP Has $125.32 Million Stock Position in H&R Block, Inc. $HRB

Key Points

• Dimensional Fund Advisors LP reduced its stake in H&R Block by 2.3% in Q1, holding 2,282,452 shares valued at approximately $125.3 million as of the latest SEC filing.
• H&R Block announced a quarterly dividend increase to $0.42 per share, up from $0.38, representing a 3.3% yield for investors.
• A recent earnings report showed H&R Block's EPS for the quarter was $2.27, missing estimates by $0.54, despite quarterly revenue growing 4.6% year-over-year.

Dimensional Fund Advisors LP lowered its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,282,452 shares of the company's stock after selling 52,901 shares during the period. Dimensional Fund Advisors LP owned about 1.70% of H&R Block worth $125,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its position in H&R Block by 6.2% during the 1st quarter. Sei Investments Co. now owns 394,748 shares of the company's stock worth $21,559,000 after acquiring an additional 23,005 shares during the last quarter. MSH Capital Advisors LLC lifted its holdings in H&R Block by 1.3% during the 1st quarter. MSH Capital Advisors LLC now owns 17,767 shares of the company's stock worth $976,000 after buying an additional 230 shares during the period. LGT Group Foundation lifted its holdings in H&R Block by 59.8% during the 1st quarter. LGT Group Foundation now owns 39,321 shares of the company's stock worth $2,159,000 after buying an additional 14,713 shares during the period. Russell Investments Group Ltd. lifted its holdings in H&R Block by 89.6% during the 1st quarter. Russell Investments Group Ltd. now owns 25,922 shares of the company's stock worth $1,423,000 after buying an additional 12,253 shares during the period. Finally, Taylor Hoffman Capital Management LLC acquired a new position in H&R Block during the 1st quarter worth about $280,000. Institutional investors own 90.14% of the company's stock.

H&R Block Trading Up 1.2%

Shares of NYSE:HRB traded up $0.62 during midday trading on Wednesday, reaching $50.94. The company's stock had a trading volume of 1,911,870 shares, compared to its average volume of 1,956,971. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.82 and a beta of 0.24. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a 50 day moving average price of $54.27 and a two-hundred day moving average price of $55.49. H&R Block, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.90.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (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%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Zacks Research downgraded H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Barrington Research cut 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 raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group cut their target price on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a report on Wednesday, August 13th. Finally, Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.