BNP Paribas Financial Markets Buys 15,260 Shares of H&R Block, Inc. $HRB

Key Points

• BNP Paribas Financial Markets increased its stake in H&R Block, Inc. by 2.5%, owning approximately 0.47% of the company valued at $34.26 million.
• H&R Block recently declared a quarterly dividend of $0.42 per share, up from the previous dividend of $0.38, representing a 3.3% yield.
• H&R Block reported earnings of $2.27 per share for the last quarter, missing estimates, but revenue increased by 4.6% compared to the previous year.

BNP Paribas Financial Markets lifted its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 623,998 shares of the company's stock after buying an additional 15,260 shares during the period. BNP Paribas Financial Markets owned about 0.47% of H&R Block worth $34,264,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Northern Trust Corp increased its position in shares of H&R Block by 11.2% in the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after buying an additional 263,274 shares in the last quarter. Lazard Asset Management LLC boosted its stake in H&R Block by 36.8% in the 4th quarter. Lazard Asset Management LLC now owns 2,585,026 shares of the company's stock worth $136,591,000 after purchasing an additional 695,581 shares during the period. Wellington Management Group LLP boosted its stake in H&R Block by 5.9% in the 1st quarter. Wellington Management Group LLP now owns 2,141,988 shares of the company's stock worth $117,617,000 after purchasing an additional 119,510 shares during the period. LSV Asset Management boosted its stake in H&R Block by 14.3% in the 1st quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock worth $91,571,000 after purchasing an additional 209,019 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in H&R Block by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 976,797 shares of the company's stock worth $53,637,000 after purchasing an additional 9,428 shares during the period. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

Shares of HRB stock traded down $0.30 on Friday, reaching $51.08. The stock had a trading volume of 1,300,949 shares, compared to its average volume of 1,529,405. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The firm's 50-day moving average is $53.76 and its two-hundred day moving average is $55.42. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.83 and a beta of 0.26. H&R Block, Inc. has a 12 month low of $47.00 and a 12 month high of $64.90.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HRB shares. Barrington Research reduced their target price on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. 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 reduced their target price 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 investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.