Sound Income Strategies LLC Lowers Stake in H&R Block, Inc. $HRB

Key Points

• Sound Income Strategies LLC significantly reduced its stake in H&R Block, dropping by 96.1% during the second quarter, resulting in ownership of just 5,549 shares worth approximately $305,000.
• Analysts have varied opinions on the stock, with Goldman Sachs lowering its price target from $54.00 to $48.00, while Barrington Research set a higher target of $62.00.
• H&R Block announced an increase in its quarterly dividend to $0.42 per share, reflecting a positive change from the previous $0.38, with an annualized yield of 3.3%.

Sound Income Strategies LLC lessened its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 96.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,549 shares of the company's stock after selling 137,776 shares during the quarter. Sound Income Strategies LLC's holdings in H&R Block were worth $305,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HRB. New Vernon Capital Holdings II LLC boosted its holdings in shares of H&R Block by 5,391.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company's stock valued at $34,113,000 after acquiring an additional 609,938 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of H&R Block in the first quarter valued at $30,429,000. Northern Trust Corp increased its position in H&R Block by 11.2% during the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after acquiring an additional 263,274 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of H&R Block by 52.2% during the first quarter. Boston Trust Walden Corp now owns 735,757 shares of the company's stock valued at $40,400,000 after purchasing an additional 252,185 shares during the period. Finally, LSV Asset Management lifted its stake in H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock worth $91,571,000 after acquiring an additional 209,019 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on HRB shares. 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 for the company in a research note on Wednesday, August 13th. Barrington Research reaffirmed an "outperform" rating and set a $62.00 price objective on shares of H&R Block in a research note on Tuesday, September 23rd. Finally, Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.00.

H&R Block Stock Performance

NYSE HRB opened at $50.59 on Tuesday. The stock has a 50-day moving average of $52.05 and a two-hundred day moving average of $55.18. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $6.47 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.81 and a beta of 0.26. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.62.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.11 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

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