KLP Kapitalforvaltning AS Has $2.35 Million Stock Holdings in H&R Block, Inc. $HRB

Key Points

• KLP Kapitalforvaltning AS reduced its stake in H&R Block by 28.9%, now holding 42,500 shares worth approximately $2.35 million.
• The company recently increased its quarterly dividend from $0.38 to $0.42 per share, resulting in a yield of 3.3%.
• Equity analysts have mixed ratings on H&R Block, with two giving it a Buy rating, two a Hold rating, and one a Sell rating.

KLP Kapitalforvaltning AS trimmed its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 28.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,500 shares of the company's stock after selling 17,300 shares during the quarter. KLP Kapitalforvaltning AS's holdings in H&R Block were worth $2,346,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HRB. Farther Finance Advisors LLC increased its position in H&R Block by 25.8% during the 1st quarter. Farther Finance Advisors LLC now owns 16,543 shares of the company's stock worth $932,000 after purchasing an additional 3,388 shares in the last quarter. GAMMA Investing LLC increased its position in H&R Block by 129.2% in the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after acquiring an additional 850 shares during the period. SG Americas Securities LLC increased its position in H&R Block by 140.6% in the 1st quarter. SG Americas Securities LLC now owns 14,514 shares of the company's stock valued at $797,000 after acquiring an additional 8,482 shares during the period. Fifth Third Bancorp increased its position in H&R Block by 3.9% in the 1st quarter. Fifth Third Bancorp now owns 10,864 shares of the company's stock valued at $597,000 after acquiring an additional 405 shares during the period. Finally, Ritholtz Wealth Management increased its position in H&R Block by 1.3% in the 1st quarter. Ritholtz Wealth Management now owns 32,605 shares of the company's stock valued at $1,790,000 after acquiring an additional 410 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $62.00 price target on shares of H&R Block in a research report on Tuesday, September 23rd. 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 for the company in a research report on Wednesday, August 13th. Zacks Research cut shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated 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 given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $55.00.

H&R Block Stock Up 2.4%

Shares of NYSE HRB opened at $50.81 on Friday. The firm has a market cap of $6.50 billion, a PE ratio of 11.37, a P/E/G ratio of 0.82 and a beta of 0.31. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.62. The company's fifty day simple moving average is $51.21 and its 200 day simple moving average is $55.04. 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 (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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 was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Thursday, September 4th were paid a dividend of $0.42 per share. 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%. The ex-dividend date of this dividend was Thursday, September 4th. H&R Block's payout ratio is currently 37.58%.

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.

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