7,584 Shares in H&R Block, Inc. $HRB Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC acquired 7,584 shares of H&R Block, Inc. for approximately $416,000 in the first quarter, as reported in their 13F SEC filing.
• H&R Block will pay a quarterly dividend of $0.42 per share on October 6th, marking an increase from their previous dividend of $0.38.
• Research analysts have mixed ratings for H&R Block, with a consensus rating of "Hold" and a price target of $55.00.

Jump Financial LLC bought a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,584 shares of the company's stock, valued at approximately $416,000.

Several other institutional investors and hedge funds have also made changes to their positions in HRB. Lazard Asset Management LLC boosted its stake in shares of H&R Block by 36.8% in the fourth quarter. Lazard Asset Management LLC now owns 2,585,026 shares of the company's stock valued at $136,591,000 after purchasing an additional 695,581 shares during the period. Miller Howard Investments Inc. NY purchased a new position in shares of H&R Block in the first quarter valued at $30,429,000. Bank of America Corp DE boosted its stake in shares of H&R Block by 88.3% in the fourth quarter. Bank of America Corp DE now owns 914,884 shares of the company's stock valued at $48,342,000 after purchasing an additional 429,101 shares during the period. Northern Trust Corp boosted its stake in shares of H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after purchasing an additional 263,274 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in shares of H&R Block by 52.2% in the first quarter. Boston Trust Walden Corp now owns 735,757 shares of the company's stock valued at $40,400,000 after purchasing an additional 252,185 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barrington Research decreased their target price on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. The Goldman Sachs Group reduced 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 research note on Wednesday, August 13th. Finally, Zacks Research downgraded shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $55.00.

H&R Block Stock Performance

Shares of NYSE:HRB traded down $0.25 on Friday, reaching $51.13. 1,837,926 shares of the company's stock were exchanged, compared to its average volume of 2,266,647. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.83 and a beta of 0.26. H&R Block, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.90. The business's 50-day moving average is $53.69 and its two-hundred day moving average is $55.44. 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 (NYSE:HRB - Get Free Report) last issued its earnings results 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). The business 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 firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current 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 issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block's dividend 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.