Russell Investments Group Ltd. Buys 12,253 Shares of H&R Block, Inc. $HRB

Key Points

• Russell Investments Group Ltd. increased its stake in H&R Block by 89.6%, acquiring an additional 12,253 shares, bringing its total to 25,922 shares worth approximately $1.42 million.
• H&R Block reported earnings of $2.27 per share, missing expectations of $2.81, despite a year-over-year revenue increase of 4.6%.
• The company declared a quarterly dividend of $0.42, representing a 3.3% yield, with an increase from its previous dividend of $0.38.

Russell Investments Group Ltd. boosted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 89.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,922 shares of the company's stock after acquiring an additional 12,253 shares during the period. Russell Investments Group Ltd.'s holdings in H&R Block were worth $1,423,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Taylor Hoffman Capital Management LLC bought a new stake in H&R Block in the first quarter valued at approximately $280,000. CCM Investment Group LLC bought a new position in shares of H&R Block during the 1st quarter worth approximately $845,000. Aigen Investment Management LP bought a new position in shares of H&R Block during the 1st quarter worth approximately $858,000. Entropy Technologies LP bought a new position in shares of H&R Block during the 1st quarter worth approximately $1,317,000. Finally, Covestor Ltd boosted its holdings in shares of H&R Block by 21.8% during the 1st quarter. Covestor Ltd now owns 1,356 shares of the company's stock worth $75,000 after buying an additional 243 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

Shares of NYSE:HRB opened at $50.94 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a twelve month low of $47.00 and a twelve month high of $64.90. The stock's 50 day moving average is $54.27 and its 200-day moving average is $55.49. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.82 and a beta of 0.24.

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 for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $1.89 earnings per share. H&R Block's revenue for the quarter was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

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

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of research analyst reports. Zacks Research cut H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Barrington Research cut their price target on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group cut their price target on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.

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