American Century Companies Inc. Cuts Holdings in H&R Block, Inc. $HRB

Key Points

• American Century Companies Inc. has reduced its stake in H&R Block by 52.2%, selling over 53,000 shares, leaving them with 49,408 shares valued at approximately $2.7 million.
• H&R Block's quarterly earnings report showed earnings per share of $2.27, missing estimates by $0.54, despite generating revenue of $1.11 billion.
• The company announced an increase in its quarterly dividend from $0.38 to $0.42 per share, translating to an annual yield of about 3.3%.

American Century Companies Inc. lowered its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 52.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,408 shares of the company's stock after selling 53,952 shares during the period. American Century Companies Inc.'s holdings in H&R Block were worth $2,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 buying an additional 191 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. MSH Capital Advisors LLC lifted its stake in shares of H&R Block by 1.3% in the 1st quarter. MSH Capital Advisors LLC now owns 17,767 shares of the company's stock valued at $976,000 after purchasing an additional 230 shares during the last quarter. Covestor Ltd lifted its stake in shares of H&R Block by 21.8% in the 1st 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, Invst LLC lifted its stake in shares of H&R Block by 1.5% in the 4th quarter. Invst LLC now owns 18,187 shares of the company's stock valued at $961,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Stock Up 0.7%

NYSE HRB traded up $0.36 during trading hours on Thursday, hitting $50.94. 902,539 shares of the company were exchanged, compared to its average volume of 1,524,328. The company has a 50 day moving average of $53.82 and a two-hundred day moving average of $55.43. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.90. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 0.82 and a beta of 0.26.

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 the consensus estimate of $2.81 by ($0.54). H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the company earned $1.89 EPS. H&R Block's revenue for the quarter 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. Equities research analysts anticipate 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. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.42 per share. This is a positive change from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.3%. H&R Block's dividend payout ratio (DPR) is currently 33.56%.

Wall Street Analysts Forecast Growth

HRB has been the topic of several recent analyst reports. Barrington Research decreased their price target 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. The Goldman Sachs Group decreased their price target 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. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, H&R Block presently has an average rating of "Hold" and an average target price of $55.00.

About H&R Block

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.