Fuller & Thaler Asset Management Inc. Reduces Stock Holdings in H&R Block, Inc. $HRB

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in H&R Block by 1.6%, owning approximately 4.6 million shares after selling 75,729 shares during the first quarter.
• H&R Block announced a quarterly dividend increase to $0.42 per share, reflecting a dividend yield of 3.3% effective from October 6th.
• Recent earnings results revealed H&R Block had $2.27 EPS for the quarter, which was below analysts' expectations, despite a 4.6% increase in revenue year-over-year.

Fuller & Thaler Asset Management Inc. lowered its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,626,167 shares of the company's stock after selling 75,729 shares during the quarter. H&R Block comprises about 1.0% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 12th biggest holding. Fuller & Thaler Asset Management Inc. owned approximately 3.46% of H&R Block worth $254,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HRB. Brooklyn Investment Group lifted its position in H&R Block by 72.1% in the first quarter. Brooklyn Investment Group now owns 513 shares of the company's stock valued at $28,000 after buying an additional 215 shares during the last quarter. Bogart Wealth LLC lifted its position in H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after buying an additional 200 shares during the last quarter. Covestor Ltd lifted its position 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of H&R Block by 129.2% during the first 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. Finally, GeoWealth Management LLC lifted its position in shares of H&R Block by 87.0% during the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after purchasing an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on HRB shares. Barrington Research reduced their price target on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Zacks Research cut shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Northcoast Research cut shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their target price on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a report on Wednesday, August 13th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $55.00.

H&R Block Stock Up 1.4%

H&R Block stock traded up $0.7130 during mid-day trading on Friday, hitting $52.0430. The company had a trading volume of 1,807,598 shares, compared to its average volume of 1,501,131. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.83 and a beta of 0.24. H&R Block, Inc. has a 1 year low of $47.00 and a 1 year high of $65.08. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The business has a fifty day moving average of $54.59 and a 200 day moving average of $55.57.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, sell-side 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 business also recently declared 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. This is an increase from H&R Block's previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, September 4th. H&R Block's payout ratio is currently 33.56%.

About H&R Block

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.