Sei Investments Co. Purchases 23,005 Shares of H&R Block, Inc. $HRB

Key Points

• Sei Investments Co. increased its stake in H&R Block, acquiring an additional 23,005 shares and now holds approximately 0.29% of the company, valued at $21.56 million.
• H&R Block reported earnings of $2.27 per share, falling short of the consensus estimate of $2.81, while revenue increased 4.6% year-over-year to $1.11 billion.
• The company is set to pay a quarterly dividend of $0.42 per share, up from $0.38, with a dividend yield of 3.4% based on a payout ratio of 36.76%.

Sei Investments Co. increased its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,748 shares of the company's stock after purchasing an additional 23,005 shares during the period. Sei Investments Co. owned approximately 0.29% of H&R Block worth $21,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HRB. Bank of Montreal Can lifted its holdings in H&R Block by 13.3% during the 4th quarter. Bank of Montreal Can now owns 28,247 shares of the company's stock worth $1,493,000 after purchasing an additional 3,313 shares during the last quarter. Bank of Nova Scotia lifted its holdings in H&R Block by 4.4% during the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after purchasing an additional 261 shares during the last quarter. Townsquare Capital LLC lifted its holdings in H&R Block by 18.1% during the 4th quarter. Townsquare Capital LLC now owns 12,824 shares of the company's stock worth $678,000 after purchasing an additional 1,969 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in H&R Block during the 4th quarter worth approximately $437,000. Finally, Mariner LLC lifted its holdings in H&R Block by 10.7% during the 4th quarter. Mariner LLC now owns 52,170 shares of the company's stock worth $2,757,000 after purchasing an additional 5,027 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

Shares of HRB traded up $0.6420 during midday trading on Tuesday, hitting $51.0620. The company's stock had a trading volume of 756,373 shares, compared to its average volume of 1,486,883. H&R Block, Inc. has a one year low of $47.00 and a one year high of $66.85. The company's fifty day simple moving average is $54.82 and its two-hundred day simple moving average is $55.66. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 0.81 and a beta of 0.24.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly 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 net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The company'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. As a group, equities 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 paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, September 4th. This is a positive change from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio is 33.56%.

Analyst Ratings Changes

A number of research firms have commented on HRB. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group lowered their price objective on 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. Barrington Research lowered their price objective on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 13th. Finally, Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.