Comerica Bank Sells 6,555 Shares of H&R Block, Inc. $HRB

Key Points

• Comerica Bank reduced its stake in H&R Block by 5.9%, selling 6,555 shares and holding a total of 104,048 shares worth approximately $5.7 million.
• H&R Block's stocks opened at $50.07, with a 1.6% decrease, and have experienced a one-year price fluctuation between $47.00 and $64.90.
• The company announced a quarterly dividend of $0.42, increasing from the previous $0.38, reflecting a dividend yield of 3.4%.

Comerica Bank lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,048 shares of the company's stock after selling 6,555 shares during the quarter. Comerica Bank owned approximately 0.08% of H&R Block worth $5,713,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Jump Financial LLC bought a new stake in H&R Block during the first quarter worth approximately $416,000. SVB Wealth LLC acquired a new position in shares of H&R Block in the first quarter valued at $26,000. Kestra Advisory Services LLC raised its stake in H&R Block by 7.4% during the first quarter. Kestra Advisory Services LLC now owns 27,561 shares of the company's stock worth $1,513,000 after acquiring an additional 1,910 shares in the last quarter. Compound Planning Inc. acquired a new position in H&R Block during the first quarter worth $212,000. Finally, Price T Rowe Associates Inc. MD raised its stake in H&R Block by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 976,797 shares of the company's stock worth $53,637,000 after acquiring an additional 9,428 shares in the last quarter. Institutional investors own 90.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HRB. Barrington Research decreased their target price 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. The Goldman Sachs Group cut their target price 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. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One equities 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 MarketBeat, H&R Block currently has an average rating of "Hold" and an average target price of $55.00.

H&R Block Price Performance

Shares of H&R Block stock traded down $0.28 during trading on Tuesday, reaching $50.07. 1,190,096 shares of the company's stock were exchanged, compared to its average volume of 1,516,119. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.90. The company has a market cap of $6.71 billion, a P/E ratio of 11.20, a PEG ratio of 0.82 and a beta of 0.26. The firm's 50-day moving average price is $53.99 and its 200 day moving average price is $55.50.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 191.38% and a net margin of 16.11%.The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The company's revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be paid a dividend of $0.42 per share. This is an increase 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 yield of 3.4%. H&R Block's dividend payout ratio (DPR) is currently 33.56%.

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.