20,320 Shares in H&R Block, Inc. $HRB Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired a new stake in H&R Block, buying 20,320 shares valued at approximately $1,116,000.
• H&R Block reported earnings per share of $2.27 for the last quarter, missing estimates by $0.54, but revenue of $1.11 billion surpassed expectations.
• The company announced an increase in its quarterly dividend to $0.42 per share, representing a yield of 3.2% and reflecting a payout ratio of 37.58%.

Quantbot Technologies LP bought a new stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,320 shares of the company's stock, valued at approximately $1,116,000.

A number of other hedge funds have also recently made changes to their positions in HRB. GeoWealth Management LLC lifted its holdings in shares of H&R Block by 87.0% in the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after acquiring an additional 750 shares during the last quarter. Dimensional Fund Advisors LP increased its position in H&R Block by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,335,353 shares of the company's stock valued at $123,395,000 after purchasing an additional 30,244 shares during the period. MetLife Investment Management LLC increased its position in H&R Block by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 78,475 shares of the company's stock valued at $4,147,000 after purchasing an additional 5,110 shares during the period. Tower Research Capital LLC TRC increased its position in H&R Block by 280.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,752 shares of the company's stock valued at $621,000 after purchasing an additional 8,659 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of H&R Block by 293.0% in the 4th quarter. Hsbc Holdings PLC now owns 22,981 shares of the company's stock worth $1,211,000 after buying an additional 17,134 shares during the period. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HRB. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Zacks Research cut shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note 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. The Goldman Sachs Group lowered their price objective on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a research note on Wednesday, August 13th. Finally, Barrington Research reduced their target price on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, H&R Block has an average rating of "Hold" and a consensus price target of $55.00.

H&R Block Trading Up 0.5%

Shares of NYSE:HRB traded up $0.23 on Friday, hitting $50.36. 2,240,143 shares of the company's stock were exchanged, compared to its average volume of 2,069,680. H&R Block, Inc. has a 12 month low of $47.00 and a 12 month high of $64.90. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.81 and a beta of 0.24. The business's 50 day simple moving average is $54.08 and its two-hundred day simple moving average is $55.46. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90.

H&R Block (NYSE:HRB - Get Free Report) last released 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). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

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

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.