H&R Block, Inc. $HRB Stock Holdings Lowered by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC sold 69,300 shares of H&R Block, reducing its stake by 38.2% to hold 112,109 shares valued at approximately $6.16 million.
• H&R Block announced a quarterly dividend increase to $0.42 per share, with a dividend yield of 3.2%, up from the previous $0.38 per share.
• The company reported a miss on earnings for the last quarter, with a $2.27 EPS against a consensus estimate of $2.81, despite a 4.6% revenue increase year-over-year.

Intech Investment Management LLC trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 38.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,109 shares of the company's stock after selling 69,300 shares during the period. Intech Investment Management LLC owned approximately 0.08% of H&R Block worth $6,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of H&R Block by 98.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company's stock worth $5,667,000 after purchasing an additional 49,827 shares during the last quarter. Truist Financial Corp increased its stake in shares of H&R Block by 13.5% during the first quarter. Truist Financial Corp now owns 767,369 shares of the company's stock worth $42,136,000 after purchasing an additional 91,075 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in H&R Block by 17.7% during the first quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company's stock worth $38,639,000 after acquiring an additional 105,973 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in H&R Block during the first quarter worth about $1,317,000. Finally, Brown Advisory Inc. boosted its position 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 during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Trading Up 1.8%

HRB stock traded up $0.92 during midday trading on Wednesday, reaching $51.11. 285,248 shares of the company's stock traded hands, compared to its average volume of 1,535,112. The company has a market capitalization of $6.85 billion, a P/E ratio of 11.45, 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, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.90. The business has a 50-day moving average price of $53.06 and a two-hundred day moving average price of $55.32.

H&R Block (NYSE:HRB - Get Free Report) last posted its 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 firm 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 company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Equities research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.42 per share. The ex-dividend date 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 annualized dividend and a yield of 3.3%. H&R Block's payout ratio is presently 37.58%.

Analyst Ratings Changes

HRB has been the topic of several recent analyst reports. The Goldman Sachs Group decreased 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 report on Wednesday, August 13th. Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Barrington Research decreased their price objective on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.