UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 54,002 Shares of 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 boosted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 876,380 shares of the company's stock after buying an additional 54,002 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.65% of H&R Block worth $48,122,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HRB. SVB Wealth LLC acquired a new position in shares of H&R Block during the first quarter worth about $26,000. Brooklyn Investment Group raised its stake 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. Bogart Wealth LLC raised 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 worth $37,000 after acquiring an additional 200 shares in the last quarter. Covestor Ltd grew its holdings in H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock valued at $75,000 after purchasing an additional 243 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in H&R Block by 129.2% in the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after purchasing an additional 850 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

Shares of HRB traded down $0.17 during midday trading on Friday, reaching $50.27. The stock had a trading volume of 2,674,552 shares, compared to its average volume of 1,780,879. 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 company has a market capitalization of $6.73 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.82 and a beta of 0.26. The firm's 50 day moving average price is $52.73 and its 200-day moving average price is $55.26. H&R Block, Inc. has a 52 week low of $47.00 and a 52 week high of $64.90.

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 for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. The business'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, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.3%. This is a positive change from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio (DPR) is currently 37.58%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group reduced their target price on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a research report on Wednesday, August 13th. Zacks Research downgraded H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Barrington Research cut their price objective on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.