H&R Block, Inc. $HRB Shares Acquired by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has increased its stake in H&R Block by 20.4%, owning 32,036 shares valued at approximately $1.76 million by the end of the most recent quarter.
• H&R Block's latest quarterly earnings report indicated earnings per share of $2.27, which fell short of analyst estimates by $0.54, despite achieving revenue of $1.11 billion.
• The company announced a quarterly dividend increase from $0.38 to $0.42 per share, representing a 3.3% yield for investors.

OMERS ADMINISTRATION Corp raised its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 20.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,036 shares of the company's stock after purchasing an additional 5,436 shares during the period. OMERS ADMINISTRATION Corp's holdings in H&R Block were worth $1,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of H&R Block by 2.5% in the first quarter. BNP Paribas Financial Markets now owns 623,998 shares of the company's stock valued at $34,264,000 after purchasing an additional 15,260 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of H&R Block in the first quarter valued at about $416,000. SVB Wealth LLC purchased a new position in shares of H&R Block during the first quarter valued at approximately $26,000. Kestra Advisory Services LLC boosted its position in H&R Block by 7.4% during the first quarter. Kestra Advisory Services LLC now owns 27,561 shares of the company's stock worth $1,513,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Compound Planning Inc. acquired a new stake in H&R Block during the first quarter worth approximately $212,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Trading Up 0.7%

Shares of HRB stock traded up $0.37 during mid-day trading on Thursday, reaching $50.95. The company's stock had a trading volume of 1,095,525 shares, compared to its average volume of 1,525,309. The company's 50 day simple moving average is $53.82 and its 200-day simple moving average is $55.43. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.90. 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 firm has a market capitalization of $6.83 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.82 and a beta of 0.26.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly 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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.89 EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on HRB. The Goldman Sachs Group decreased 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 report on Wednesday, August 13th. Barrington Research decreased 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 report on Wednesday, August 13th. Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently 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.