United Services Automobile Association Makes New $501,000 Investment 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 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 Securities and Exchange Commission. The fund acquired 9,266 shares of the company's stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Caxton Associates LLP acquired a new position in shares of H&R Block in the first quarter valued at approximately $2,085,000. CTC Alternative Strategies Ltd. acquired a new position in H&R Block in the 1st quarter valued at $465,000. Goldman Sachs Group Inc. grew its holdings in H&R Block by 15.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company's stock valued at $46,593,000 after buying an additional 112,127 shares in the last quarter. Jones Financial Companies Lllp increased its position in H&R Block by 3.6% during the 1st quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company's stock worth $627,000 after buying an additional 400 shares during the period. Finally, New Vernon Capital Holdings II LLC increased its position in 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 worth $34,113,000 after buying an additional 609,938 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

Shares of HRB traded down $0.94 during midday trading on Friday, hitting $51.19. The company's stock had a trading volume of 1,345,195 shares, compared to its average volume of 1,956,695. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.90. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.84 and a beta of 0.26. The company's fifty day simple moving average is $53.26 and its two-hundred day simple moving average is $55.37.

H&R Block (NYSE:HRB - Get Free Report) last released 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). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The business 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 dividend of $0.42 per share. The ex-dividend date is Thursday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. This is a positive change from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Zacks Research downgraded shares of H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. The Goldman Sachs Group dropped their price target on shares of 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, Barrington Research reduced their price target on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.