Swedbank AB Has $19 Million Stake in H&R Block, Inc. $HRB

Key Points

• Swedbank AB increased its holdings in H&R Block, Inc. by 21.3% during Q2, now owning 346,150 shares valued at $19 million, reflecting strong institutional interest in the stock.
• H&R Block reported an EPS of $2.27 for the last quarter, missing expectations of $2.81, while revenue was up 4.6% year-over-year, totaling $1.11 billion.
• The company's board approved a quarterly dividend of $0.42 per share, a rise from the previous $0.38, indicating confidence in ongoing profitability and shareholder returns.

Swedbank AB boosted its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 346,150 shares of the company's stock after purchasing an additional 60,768 shares during the quarter. Swedbank AB owned approximately 0.26% of H&R Block worth $19,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HRB. SVB Wealth LLC acquired a new stake in H&R Block during the 1st quarter worth $26,000. Brooklyn Investment Group raised its stake in shares of H&R Block by 72.1% in the first quarter. Brooklyn Investment Group now owns 513 shares of the company's stock valued at $28,000 after acquiring an additional 215 shares in the last quarter. Bogart Wealth LLC increased its position in shares of H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Covestor Ltd boosted its holdings in H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock valued at $75,000 after purchasing an additional 243 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in H&R Block by 133.3% in the second quarter. Harbor Capital Advisors Inc. now owns 1,409 shares of the company's stock valued at $77,000 after buying an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

Shares of H&R Block stock traded down $0.27 during midday trading on Tuesday, hitting $49.87. The company had a trading volume of 413,336 shares, compared to its average volume of 1,537,989. The business's 50 day simple moving average is $52.61 and its two-hundred day simple moving average is $55.26. The stock has a market cap of $6.68 billion, a PE ratio of 11.16, a P/E/G ratio of 0.81 and a beta of 0.26. 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, 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 for the quarter, missing the consensus estimate 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 business posted $1.89 EPS. 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. As a group, equities analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, September 4th. This is an increase from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barrington Research reissued an "outperform" rating and set a $62.00 target price on shares of H&R Block in a research note on Tuesday. The Goldman Sachs Group decreased 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 report on Wednesday, August 13th. Finally, Zacks Research downgraded 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.00.

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.