Vest Financial LLC Has $1.92 Million Holdings in H&R Block, Inc. $HRB

Key Points

• Vest Financial LLC has increased its stake in H&R Block by 25.7%, owning 35,041 shares valued at $1.92 million.
• H&R Block recently announced a quarterly dividend increase from $0.38 to $0.42 per share, representing a yield of 3.3%.
• Analyst ratings vary, with consensus labeling H&R Block as a "Hold" and setting a target price of $55.00 for the stock.

Vest Financial LLC increased its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,041 shares of the company's stock after purchasing an additional 7,159 shares during the period. Vest Financial LLC's holdings in H&R Block were worth $1,923,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HRB. GAMMA Investing LLC grew its stake in shares of H&R Block by 129.2% during the first 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. SG Americas Securities LLC grew its stake in shares of H&R Block by 140.6% during the first quarter. SG Americas Securities LLC now owns 14,514 shares of the company's stock worth $797,000 after purchasing an additional 8,482 shares during the period. Fifth Third Bancorp grew its stake in shares of H&R Block by 3.9% during the first quarter. Fifth Third Bancorp now owns 10,864 shares of the company's stock worth $597,000 after purchasing an additional 405 shares during the period. Ritholtz Wealth Management grew its stake in shares of H&R Block by 1.3% during the first quarter. Ritholtz Wealth Management now owns 32,605 shares of the company's stock worth $1,790,000 after purchasing an additional 410 shares during the period. Finally, CWA Asset Management Group LLC grew its stake in shares of H&R Block by 32.8% during the first quarter. CWA Asset Management Group LLC now owns 22,426 shares of the company's stock worth $1,231,000 after purchasing an additional 5,539 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HRB has been the topic of several recent analyst reports. Barrington Research reiterated an "outperform" rating and set a $62.00 target price on shares of H&R Block in a report on Tuesday, September 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of H&R Block in a report on Wednesday, October 8th. The Goldman Sachs Group reduced 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. Finally, Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $55.00.

H&R Block Stock Performance

HRB opened at $51.63 on Wednesday. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62. The firm has a market capitalization of $6.60 billion, a PE ratio of 11.55, a PEG ratio of 0.82 and a beta of 0.31. 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 business's 50-day simple moving average is $51.06 and its 200 day simple moving average is $55.00.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The business's revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Thursday, September 4th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, September 4th. This is a boost from H&R Block's previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.3%. H&R Block's dividend payout ratio is currently 37.58%.

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.

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