Truist Financial Corp Purchases 46,529 Shares of H&R Block, Inc. $HRB

Key Points

• Truist Financial Corp increased its stake in H&R Block by 6.1%, acquiring an additional 46,529 shares, bringing its total ownership to approximately 0.61% of the company.
• H&R Block reported earnings per share (EPS) of $2.27, missing analyst estimates of $2.81, while revenue for the quarter was $1.11 billion, up 4.6% from the previous year.
• The company announced a quarterly dividend increase to $0.42, reflecting a 3.3% yield, which is up from the previous dividend of $0.38.

Truist Financial Corp raised its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 813,898 shares of the company's stock after purchasing an additional 46,529 shares during the quarter. Truist Financial Corp owned approximately 0.61% of H&R Block worth $44,675,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of H&R Block by 40.0% in the second quarter. Signaturefd LLC now owns 651 shares of the company's stock valued at $36,000 after buying an additional 186 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of H&R Block by 1.6% in the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock worth $656,000 after acquiring an additional 191 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after acquiring an additional 200 shares during the last quarter. 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 worth $28,000 after acquiring an additional 215 shares during the last quarter. Finally, MSH Capital Advisors LLC raised its stake in shares of H&R Block by 1.3% in the first quarter. MSH Capital Advisors LLC now owns 17,767 shares of the company's stock worth $976,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 90.14% of the company's stock.

H&R Block Trading Up 0.1%

NYSE HRB opened at $51.16 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a market capitalization of $6.54 billion, a PE ratio of 11.44, a P/E/G ratio of 0.83 and a beta of 0.31. The stock has a 50-day simple moving average of $51.73 and a 200 day simple moving average of $55.11. H&R Block, Inc. has a 12 month low of $47.00 and a 12 month high of $64.62.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.89 earnings per share. The business's 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. Research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HRB. Barrington Research restated an "outperform" rating and issued a $62.00 price objective on shares of H&R Block in a research report on Tuesday, September 23rd. The Goldman Sachs Group dropped their target price on H&R Block from $54.00 to $48.00 and set a "sell" rating for the company 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 company. According to MarketBeat, H&R Block has an average 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.

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