Diversified Trust Co Makes New Investment in H&R Block, Inc. $HRB

Key Points

• Diversified Trust Co acquired a new position in H&R Block, purchasing 5,582 shares valued at approximately $306,000 during the second quarter.
• H&R Block recently reported earnings of $2.27 per share, missing expectations of $2.81, but showed a 4.6% increase in revenue year-over-year, totaling $1.11 billion.
• The company announced an increased quarterly dividend, boosting it from $0.38 to $0.42, resulting in an annualized yield of 3.4%.

Diversified Trust Co bought a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,582 shares of the company's stock, valued at approximately $306,000.

A number of other institutional investors have also made changes to their positions in HRB. New Vernon Capital Holdings II LLC increased its stake in H&R Block by 5,391.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company's stock worth $34,113,000 after buying an additional 609,938 shares during the period. Miller Howard Investments Inc. NY acquired a new stake in shares of H&R Block during the first quarter valued at about $30,429,000. Northern Trust Corp boosted its holdings in H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after purchasing an additional 263,274 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in H&R Block by 52.2% in the first quarter. Boston Trust Walden Corp now owns 735,757 shares of the company's stock valued at $40,400,000 after purchasing an additional 252,185 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock valued at $91,571,000 after purchasing an additional 209,019 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Trading Down 0.6%

H&R Block stock opened at $49.52 on Thursday. The firm's 50-day moving average is $52.39 and its 200-day moving average is $55.18. 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 $64.62. The company has a market cap of $6.63 billion, a P/E ratio of 11.08, a PEG ratio of 0.81 and a beta of 0.26.

H&R Block (NYSE:HRB - Get Free Report) last released 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). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.H&R Block's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. 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 year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders 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 yield of 3.4%. H&R Block's dividend payout ratio (DPR) is 37.58%.

Analyst Ratings Changes

A number of brokerages have issued reports on HRB. Barrington Research reaffirmed an "outperform" rating and issued a $62.00 target price on shares of H&R Block in a research report on Tuesday. Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group dropped their price target on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average 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.

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