Jump Financial LLC Acquires New Holdings in H&R Block, Inc. $HRB

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 shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,584 shares of the company's stock, valued at approximately $416,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of H&R Block by 98.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company's stock valued at $5,667,000 after buying an additional 49,827 shares during the last quarter. Truist Financial Corp lifted its stake in shares of H&R Block by 13.5% in the 1st quarter. Truist Financial Corp now owns 767,369 shares of the company's stock valued at $42,136,000 after purchasing an additional 91,075 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of H&R Block by 17.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company's stock valued at $38,639,000 after purchasing an additional 105,973 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of H&R Block in the 1st quarter valued at $1,317,000. Finally, Brown Advisory Inc. lifted its stake in shares of H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock valued at $656,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

HRB has been the topic of several recent research reports. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group reduced their target price on H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a report on Wednesday, August 13th. Barrington Research reduced their target price on H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Finally, Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $55.00.

H&R Block Stock Performance

H&R Block stock traded up $0.36 on Thursday, hitting $51.36. The company's stock had a trading volume of 2,037,955 shares, compared to its average volume of 1,531,541. The firm has a market cap of $6.88 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.26. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a fifty day moving average price of $53.82 and a 200-day moving average price of $55.43. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.90.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly 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). 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.89 earnings per share. The business'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. On average, equities analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be issued a $0.42 dividend. This is an increase from H&R Block's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block's dividend payout ratio (DPR) is 33.56%.

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.