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 grew its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 976,797 shares of the company's stock after purchasing an additional 9,428 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.73% of H&R Block worth $53,637,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HRB. Brooklyn Investment Group lifted its holdings in shares of H&R Block by 72.1% in the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company's stock valued at $28,000 after acquiring an additional 215 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd lifted its holdings in shares of H&R Block by 21.8% in the 1st quarter. Covestor Ltd now owns 1,356 shares of the company's stock valued at $75,000 after acquiring an additional 243 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of H&R Block in the 4th quarter valued at about $85,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research downgraded shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. 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 note on Wednesday, August 13th. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. Barrington Research decreased their price objective on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $55.00.

H&R Block Trading Up 0.5%

Shares of NYSE HRB traded up $0.23 during trading hours on Friday, reaching $50.36. The stock had a trading volume of 2,240,143 shares, compared to its average volume of 2,069,680. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.81 and a beta of 0.24. The business's fifty day moving average price is $54.08 and its two-hundred day moving average price is $55.46. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.90.

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). H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $1.89 earnings per share. The firm'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. Analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

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

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.