Invesco Ltd. Sells 1,155,549 Shares of H&R Block, Inc. $HRB

Key Points

• Invesco Ltd. significantly reduced its stake in H&R Block by 73.4%, ending the first quarter with 0.31% ownership, which equates to $23 million.
• H&R Block's recent earnings report revealed an EPS of $2.27, missing expectations by 54 cents, while revenue exceeded forecasts with $1.11 billion.
• The company announced a quarterly dividend increase to $0.42, up from $0.38, reflecting a 3.3% dividend yield for investors.

Invesco Ltd. lessened its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 73.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,003 shares of the company's stock after selling 1,155,549 shares during the quarter. Invesco Ltd. owned about 0.31% of H&R Block worth $23,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRB. Mariner LLC increased its position in H&R Block by 10.7% in the 4th quarter. Mariner LLC now owns 52,170 shares of the company's stock valued at $2,757,000 after acquiring an additional 5,027 shares in the last quarter. NewEdge Advisors LLC increased its position in H&R Block by 8.6% in the 4th quarter. NewEdge Advisors LLC now owns 36,585 shares of the company's stock valued at $1,933,000 after acquiring an additional 2,911 shares in the last quarter. GeoWealth Management LLC increased its position in H&R Block by 87.0% in the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after acquiring an additional 750 shares in the last quarter. Dimensional Fund Advisors LP increased its position in H&R Block by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,335,353 shares of the company's stock valued at $123,395,000 after acquiring an additional 30,244 shares in the last quarter. Finally, Natixis acquired a new stake in H&R Block in the 4th quarter valued at about $578,000. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Trading Down 2.9%

Shares of NYSE HRB traded down $1.50 during mid-day trading on Tuesday, hitting $50.36. The company's stock had a trading volume of 2,206,928 shares, compared to its average volume of 1,886,518. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.84 and a beta of 0.24. 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 one year low of $47.00 and a one year high of $65.08. The company's fifty day simple moving average is $54.36 and its 200-day simple moving average is $55.52.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $1.89 EPS. The firm's revenue 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. On average, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company 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 $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This is a boost 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 currently 33.56%.

Wall Street Analyst Weigh In

HRB has been the subject of several research reports. Northcoast Research cut shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group reduced their target price 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. Barrington Research reduced their target price on shares of 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. Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. 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. According to MarketBeat.com, H&R Block has a consensus rating of "Hold" and an average price target of $55.00.

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.