Ruffer LLP Purchases 26,976 Shares of H&R Block, Inc. $HRB

Key Points

• Ruffer LLP increased its stake in H&R Block by 27.4% in Q2, purchasing an additional 26,976 shares, bringing its total to 125,597 shares valued at approximately $6.89 million.
• H&R Block recently announced a quarterly dividend of $0.42 per share, marking an increase from the previous $0.38, with a dividend yield of 3.4%.
• Analysts have differing views on H&R Block's stock, with recent target prices ranging from $48 (Goldman Sachs) to $62 (Barrington Research), while the consensus rating remains a "Hold".

Ruffer LLP increased its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 27.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,597 shares of the company's stock after purchasing an additional 26,976 shares during the period. Ruffer LLP owned approximately 0.09% of H&R Block worth $6,894,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HRB. SVB Wealth LLC bought a new position in H&R Block in the 1st quarter worth about $26,000. Brooklyn Investment Group lifted its stake in H&R Block by 72.1% during 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 period. Bogart Wealth LLC lifted its stake in H&R Block by 42.9% during 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 period. Covestor Ltd lifted its stake in H&R Block by 21.8% during 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 period. Finally, Harbor Capital Advisors Inc. lifted its stake in H&R Block by 133.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,409 shares of the company's stock valued at $77,000 after acquiring an additional 805 shares during the period. Institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lowered 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 note on Wednesday, August 13th. 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. Finally, Barrington Research restated an "outperform" rating and set a $62.00 target price on shares of H&R Block in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, H&R Block currently has an average rating of "Hold" and a consensus price target of $55.00.

H&R Block Trading Down 0.6%

H&R Block stock opened at $49.52 on Thursday. The firm has a 50 day moving average of $52.39 and a 200 day moving average of $55.18. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.81 and a beta of 0.26. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.62. 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 released 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). The firm had revenue of $1.11 billion during 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 company's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

The company also recently announced 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 of this dividend is Thursday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.4%. This is a positive change from H&R Block's previous quarterly dividend of $0.38. H&R Block's payout ratio is currently 37.58%.

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.

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