H&R Block, Inc. $HRB Stock Holdings Trimmed by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. has reduced its holdings in H&R Block by 26.0% in the second quarter, now owning 16,180 shares worth $888,000.
• H&R Block reported a missed EPS of $2.27 against the consensus estimate of $2.81, despite a revenue increase of 4.6% year-over-year.
• The company has recently increased its quarterly dividend from $0.38 to $0.42 per share, providing a 3.3% dividend yield.

QRG Capital Management Inc. cut its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 26.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,180 shares of the company's stock after selling 5,689 shares during the period. QRG Capital Management Inc.'s holdings in H&R Block were worth $888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC boosted 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 during the period. Brown Advisory Inc. boosted its position in shares of 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 period. Bogart Wealth LLC boosted 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 during the period. Brooklyn Investment Group boosted 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 during the period. Finally, MSH Capital Advisors LLC boosted its position in shares of H&R Block by 1.3% during the first quarter. MSH Capital Advisors LLC now owns 17,767 shares of the company's stock worth $976,000 after buying an additional 230 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HRB shares. 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 report on Wednesday, August 13th. Zacks Research downgraded H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Barrington Research restated an "outperform" rating and issued a $62.00 target price on shares of H&R Block in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of H&R Block in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, H&R Block presently has a consensus rating of "Hold" and a consensus price target of $55.00.

H&R Block Price Performance

Shares of NYSE:HRB opened at $50.46 on Thursday. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.62. The stock has a fifty day moving average of $51.38 and a 200-day moving average of $55.07. The company has a market capitalization of $6.45 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.82 and a beta of 0.31. 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 (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted $1.89 EPS. H&R Block'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, equities analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 4th were given a dividend of $0.42 per share. This is a boost from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date was 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 currently 37.58%.

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.

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