H&R Block, Inc. $HRB Shares Bought by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its stake in H&R Block by 145.2% in Q2, now holding 26,631 shares valued at $1.46 million.
• H&R Block reported earnings per share (EPS) of $2.27, below analysts' expectations of $2.81, despite a 4.6% increase in quarterly revenue year-over-year.
• The company raised its quarterly dividend from $0.38 to $0.42, equating to an annualized yield of 3.2%.

First Citizens Bank & Trust Co. lifted its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 145.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,631 shares of the company's stock after buying an additional 15,769 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in H&R Block were worth $1,462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in 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 grew its position 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 buying an additional 215 shares in the last quarter. Signaturefd LLC grew its position 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 buying an additional 186 shares in the last quarter. Bogart Wealth LLC grew its position 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 buying an additional 200 shares in the last quarter. Finally, Covestor Ltd grew 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 buying an additional 243 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Stock Performance

Shares of HRB opened at $52.25 on Friday. The stock has a 50 day moving average price of $50.91 and a 200 day moving average price of $54.82. 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 company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.85 and a beta of 0.31. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Thursday, September 4th. H&R Block's dividend payout ratio (DPR) is presently 37.58%.

Analyst Ratings Changes

HRB has been the subject of a number of analyst reports. Barrington Research reissued an "outperform" rating and set a $62.00 price objective on shares of H&R Block in a research report on Tuesday, September 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of H&R Block in a research report on Wednesday, October 8th. Zacks Research downgraded H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group lowered their price target on H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, H&R Block presently has a consensus rating of "Hold" and a consensus price target 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.

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