United Services Automobile Association Purchases New Position in H&R Block, Inc. $HRB

Key Points

• United Services Automobile Association purchased 9,266 shares of H&R Block, Inc., valued at approximately $501,000, indicating growing institutional interest in the company.
• H&R Block reported earnings per share (EPS) of $2.27 for the last quarter, missing consensus estimates, although quarterly revenue increased by 4.6% year-over-year.
• The company announced a dividend increase to $0.42 per share, which reflects a 3.3% annual yield, up from the previous dividend of $0.38.

United Services Automobile Association purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 9,266 shares of the company's stock, valued at approximately $501,000.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of H&R Block by 98.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company's stock valued at $5,667,000 after acquiring an additional 49,827 shares during the last quarter. Truist Financial Corp increased its holdings in shares of H&R Block by 13.5% during the 1st quarter. Truist Financial Corp now owns 767,369 shares of the company's stock valued at $42,136,000 after acquiring an additional 91,075 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of H&R Block by 17.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company's stock valued at $38,639,000 after acquiring an additional 105,973 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of H&R Block during the 1st quarter valued at about $1,317,000. Finally, Brown Advisory Inc. increased its holdings in shares of H&R Block by 1.6% during the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock valued at $656,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Stock Performance

Shares of NYSE:HRB traded up $0.10 during trading on Tuesday, hitting $50.23. 243,060 shares of the stock were exchanged, compared to its average volume of 1,534,978. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.90. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.83 and a beta of 0.26. The company's fifty day simple moving average is $53.16 and its 200-day simple moving average is $55.36. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90.

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. Sell-side 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 declared 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. This represents a $1.68 annualized dividend and a yield of 3.3%. This is a boost from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block's dividend payout ratio (DPR) is currently 37.58%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HRB. 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 report on Wednesday, August 13th. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group lowered their target price 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. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.