Price T Rowe Associates Inc. MD Acquires 9,428 Shares of H&R Block, Inc. $HRB

Key Points

• Price T Rowe Associates Inc. MD increased its stake in H&R Block by 1.0%, holding approximately 976,797 shares valued at $53.64 million.
• H&R Block recently announced a quarterly dividend increase to $0.42 per share, which translates to an annual yield of 3.3%.
• Wall Street analysts have mixed reviews on H&R Block, with a consensus rating of "Hold" and a price target of $55.00.

Price T Rowe Associates Inc. MD lifted its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 1.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 976,797 shares of the company's stock after buying an additional 9,428 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.73% of H&R Block worth $53,637,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group grew its position in shares of H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company's stock worth $28,000 after acquiring an additional 215 shares during the last quarter. Bogart Wealth LLC grew its position in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd grew its position in shares of H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock worth $75,000 after acquiring an additional 243 shares during the last quarter. GAMMA Investing LLC grew its position in shares of H&R Block by 129.2% during the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after acquiring an additional 850 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of H&R Block during the fourth quarter worth about $85,000. Institutional investors own 90.14% of the company's stock.

H&R Block Price Performance

NYSE:HRB traded up $0.23 during mid-day trading on Monday, reaching $50.36. 2,240,143 shares of the stock were exchanged, compared to its average volume of 2,127,650. The business has a fifty day moving average price of $53.99 and a 200 day moving average price of $55.50. The firm has a market capitalization of $6.75 billion, a PE ratio of 11.27, a PEG ratio of 0.82 and a beta of 0.26. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $1.89 EPS. The business's revenue for the quarter 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. Research analysts expect that H&R Block, Inc. will post 5.25 earnings per share 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 dividend of $0.42 per share. This is a positive change 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 is Thursday, September 4th. H&R Block's dividend payout ratio is presently 33.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barrington Research lowered their price target on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, August 13th. The Goldman Sachs Group lowered their price target 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. 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. Finally, Zacks Research downgraded shares of 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $55.00.

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.