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

Several other institutional investors and hedge funds also recently made changes to their positions in HRB. Allspring Global Investments Holdings LLC boosted its stake in shares of H&R Block by 98.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company's stock valued at $5,667,000 after purchasing an additional 49,827 shares during the last quarter. Truist Financial Corp grew its holdings in H&R Block by 13.5% during the 1st quarter. Truist Financial Corp now owns 767,369 shares of the company's stock worth $42,136,000 after acquiring an additional 91,075 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of H&R Block by 17.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company's stock valued at $38,639,000 after purchasing an additional 105,973 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of H&R Block during the 1st quarter valued at about $1,317,000. Finally, Brown Advisory Inc. boosted its stake in H&R Block by 1.6% during the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock worth $656,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HRB shares. Zacks Research cut H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. The Goldman Sachs Group dropped their price objective on shares of 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. Finally, Barrington Research reduced their price objective on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $55.00.

H&R Block Stock Performance

Shares of NYSE HRB traded down $0.17 during midday trading on Friday, reaching $50.27. The company's stock had a trading volume of 2,674,552 shares, compared to its average volume of 1,780,879. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.90. The firm has a 50 day moving average price of $52.73 and a 200-day moving average price of $55.28. The stock has a market capitalization of $6.73 billion, a P/E ratio of 11.25, 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.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations 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 was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be issued a $0.42 dividend. This is a boost from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. H&R Block's payout ratio is presently 37.58%.

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.