Miller Howard Investments Inc. NY Purchases 7,058 Shares of H&R Block, Inc. $HRB

Key Points

• Miller Howard Investments Inc. increased its stake in H&R Block by 1.3% in the second quarter, owning 561,218 shares valued at approximately $30.8 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.
• Analysts have adjusted their price targets for H&R Block, with Barrington Research setting a new target of $62.00, while Goldman Sachs reduced theirs to $48.00, indicating mixed sentiments among investors.

Miller Howard Investments Inc. NY increased its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 561,218 shares of the company's stock after purchasing an additional 7,058 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.42% of H&R Block worth $30,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. New Vernon Capital Holdings II LLC raised its holdings in H&R Block by 5,391.0% in the first quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company's stock worth $34,113,000 after purchasing an additional 609,938 shares in the last quarter. Northern Trust Corp raised its stake in H&R Block by 11.2% during the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after purchasing an additional 263,274 shares during the period. Boston Trust Walden Corp increased its position in shares of H&R Block by 52.2% during the 1st quarter. Boston Trust Walden Corp now owns 735,757 shares of the company's stock valued at $40,400,000 after purchasing an additional 252,185 shares during the last quarter. LSV Asset Management boosted its holdings in H&R Block by 14.3% during the 1st quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock valued at $91,571,000 after acquiring an additional 209,019 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of H&R Block in the 1st quarter worth $10,629,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analyst Ratings Changes

HRB has been the topic of several analyst reports. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Barrington Research reissued an "outperform" rating and issued a $62.00 target price on shares of H&R Block in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, H&R Block presently has an average rating of "Hold" and an average target price of $55.00.

H&R Block Stock Down 0.5%

Shares of H&R Block stock traded down $0.25 during trading on Tuesday, reaching $49.89. 247,059 shares of the company traded hands, compared to its average volume of 1,537,429. 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 50 day moving average price of $52.61 and a 200-day moving average price of $55.26. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.62. The firm has a market capitalization of $6.68 billion, a PE ratio of 11.15, a P/E/G ratio of 0.81 and a beta of 0.26.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research 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 company 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 $0.42 dividend. 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. H&R Block's payout ratio 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.