Trexquant Investment LP Makes New $6.97 Million Investment in H&R Block, Inc. $HRB

Key Points

• Trexquant Investment LP has acquired a new stake in H&R Block, totaling 126,891 shares valued at approximately $6.97 million, representing 0.09% ownership in the company.
• H&R Block has announced an increase in its quarterly dividend to $0.42 per share, which will provide shareholders with a 3.3% annualized yield.
• Recent earnings reports show H&R Block's Q2 EPS of $2.27 fell short of analysts' expectations, with revenues of $1.11 billion, slightly exceeding projections.

Trexquant Investment LP acquired a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 126,891 shares of the company's stock, valued at approximately $6,968,000. Trexquant Investment LP owned 0.09% of H&R Block as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HRB. SVB Wealth LLC purchased a new position in H&R Block during the 1st quarter worth $26,000. Brooklyn Investment Group increased its holdings in H&R Block by 72.1% during the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company's stock worth $28,000 after purchasing an additional 215 shares during the period. Bogart Wealth LLC increased its holdings in H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after purchasing an additional 200 shares during the period. Covestor Ltd increased its holdings in 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 purchasing an additional 243 shares during the period. Finally, GAMMA Investing LLC increased its holdings in H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after purchasing an additional 850 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Stock Up 0.7%

HRB stock traded up $0.37 on Thursday, hitting $50.95. 1,095,525 shares of the company's stock were exchanged, compared to its average volume of 1,525,309. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.90. The firm has a 50 day moving average price of $53.82 and a two-hundred day moving average price of $55.43. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $6.83 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 0.82 and a beta of 0.26.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results 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 business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The firm's quarterly revenue 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 research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal 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. This is a positive change from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.3%. H&R Block's dividend payout ratio (DPR) is presently 33.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Zacks Research downgraded H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. 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. 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, Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $55.00.

H&R Block Company 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.