UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $48.12 Million Holdings in H&R Block, Inc. $HRB

Key Points

• UBS Asset Management raised its stake in H&R Block by 6.6%, owning approximately 0.65% of the company worth $48.1 million as of the latest reporting period.
• H&R Block recently increased its quarterly dividend from $0.38 to $0.42 per share, with a dividend yield of 3.3%.
• The company's latest earnings report showed an EPS of $2.27, missing estimates by $0.54, despite revenues increasing 4.6% year over year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876,380 shares of the company's stock after purchasing an additional 54,002 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.65% of H&R Block worth $48,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC boosted its holdings in H&R Block by 13.7% in the first quarter. Empowered Funds LLC now owns 227,934 shares of the company's stock valued at $12,516,000 after purchasing an additional 27,542 shares in the last quarter. Ascent Group LLC raised its holdings in shares of H&R Block by 5.8% in the 1st quarter. Ascent Group LLC now owns 16,901 shares of the company's stock worth $928,000 after purchasing an additional 920 shares during the period. United Services Automobile Association purchased a new stake in shares of H&R Block during the 1st quarter valued at about $501,000. Caxton Associates LLP purchased a new position in shares of H&R Block during the 1st quarter valued at approximately $2,085,000. Finally, CTC Alternative Strategies Ltd. acquired a new position in shares of H&R Block in the 1st quarter worth approximately $465,000. 90.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HRB shares. 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 research note on Wednesday, August 13th. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group dropped 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, H&R Block currently has an average rating of "Hold" and an average target price of $55.00.

H&R Block Price Performance

HRB traded down $0.63 during trading on Thursday, hitting $50.71. 496,933 shares of the stock traded hands, compared to its average volume of 1,535,382. H&R Block, Inc. has a twelve month low of $47.00 and a twelve month high of $64.90. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.81 and a beta of 0.26. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day moving average price of $52.97 and a 200 day moving average price of $55.29.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Equities research analysts forecast 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. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.3%. This is a boost from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. H&R Block's dividend payout ratio (DPR) is currently 37.58%.

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.