Envestnet Portfolio Solutions Inc. Purchases 16,865 Shares of H&R Block, Inc. $HRB

Key Points

• Envestnet Portfolio Solutions Inc. increased its position in H&R Block by 235.7% during the second quarter, acquiring an additional 16,865 shares, bringing its total holdings to 24,019 shares valued at $1,318,000.
• H&R Block reported $2.27 earnings per share (EPS) last quarter, missing expectations of $2.81, but achieved a 4.6% year-over-year revenue growth, totaling $1.11 billion.
• The company recently increased its quarterly dividend from $0.38 to $0.42, resulting in a 3.2% yield, indicating a robust return for shareholders.

Envestnet Portfolio Solutions Inc. lifted its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 235.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,019 shares of the company's stock after purchasing an additional 16,865 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in H&R Block were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of H&R Block during the first quarter worth about $26,000. Brooklyn Investment Group grew its holdings in shares of H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company's stock worth $28,000 after purchasing an additional 215 shares during the last quarter. Signaturefd LLC grew its holdings in shares of H&R Block by 40.0% during the second quarter. Signaturefd LLC now owns 651 shares of the company's stock worth $36,000 after purchasing an additional 186 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock worth $75,000 after purchasing an additional 243 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

Shares of HRB opened at $52.67 on Friday. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62. 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 business's 50 day moving average price is $50.86 and its two-hundred day moving average price is $54.92. The firm has a market cap of $6.74 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.85 and a beta of 0.31.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results 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 net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm posted $1.89 earnings per share. H&R Block's quarterly 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. On average, equities analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.2%. This is a boost from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, September 4th. H&R Block's payout ratio is presently 37.58%.

Analyst Ratings Changes

A number of equities analysts recently commented on HRB shares. 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 reaffirmed an "outperform" rating and issued a $62.00 price objective on shares of H&R Block in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of H&R Block in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group cut their price objective 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. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently 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.

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