LSV Asset Management Grows Position in H&R Block, Inc. (NYSE:HRB)

Key Points

• LSV Asset Management has increased its position in H&R Block by 14.3%, now owning approximately 1.25% of the company with 1,667,652 shares valued at $91.57 million.
• H&R Block recently reported $5.38 EPS, exceeding the consensus estimate of $5.12, alongside a quarterly revenue of $2.28 billion.
• The company announced a quarterly dividend of $0.375 per share, translating to an annualized dividend of $1.50 and a yield of 2.8%.

LSV Asset Management increased its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,667,652 shares of the company's stock after purchasing an additional 209,019 shares during the period. LSV Asset Management owned approximately 1.25% of H&R Block worth $91,571,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in H&R Block by 98.1% in 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 period. Truist Financial Corp boosted its position in 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 buying an additional 91,075 shares during the period. Envestnet Asset Management Inc. boosted its position in 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 buying an additional 105,973 shares during the period. Asset Management One Co. Ltd. purchased a new stake in H&R Block in the 1st quarter valued at about $1,317,000. Finally, Martingale Asset Management L P boosted its position in H&R Block by 620.0% in the 4th quarter. Martingale Asset Management L P now owns 29,225 shares of the company's stock valued at $1,544,000 after buying an additional 25,166 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Performance

NYSE:HRB opened at $54.50 on Friday. H&R Block, Inc. has a one year low of $49.16 and a one year high of $68.45. The firm has a market cap of $7.30 billion, a P/E ratio of 13.36, a P/E/G ratio of 0.85 and a beta of 0.24. The firm has a 50-day simple moving average of $55.86 and a 200-day simple moving average of $55.77.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, beating the consensus estimate of $5.12 by $0.26. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the business posted $4.94 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, June 4th. H&R Block's payout ratio is 36.76%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research report on Thursday, May 8th. Barrington Research reissued an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday, April 25th. Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd.

H&R Block Company 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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