H&R Block, Inc. $HRB Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in H&R Block by 8.4%, now holding 309,390 shares valued at approximately $16.99 million.
• H&R Block reported quarterly earnings with an EPS of $2.27, missing estimates and experiencing a 4.6% increase in revenue year-over-year.
• The company announced a quarterly dividend increase to $0.42, representing an annualized yield of 3.4% and a payout ratio of 37.58%.

Voya Investment Management LLC cut its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,390 shares of the company's stock after selling 28,541 shares during the quarter. Voya Investment Management LLC owned 0.23% of H&R Block worth $16,989,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. SVB Wealth LLC purchased a new position in shares of H&R Block in the 1st quarter valued at $26,000. Brooklyn Investment Group grew its position 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 last quarter. Bogart Wealth LLC grew its position 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 last quarter. Covestor Ltd grew its position 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 last quarter. Finally, GAMMA Investing LLC grew its position 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 last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRB has been the topic of several research reports. Barrington Research lowered their price objective on shares of 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. The Goldman Sachs Group lowered their price objective on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a research report on Wednesday, August 13th. Finally, Zacks Research downgraded shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.00.

H&R Block Trading Down 0.3%

Shares of NYSE HRB traded down $0.17 during midday trading on Friday, reaching $50.27. 2,674,552 shares of the stock were exchanged, compared to its average volume of 1,780,879. The company has a market capitalization of $6.73 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.82 and a beta of 0.26. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.90. 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 stock has a 50 day moving average price of $52.73 and a 200-day moving average price of $55.26.

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 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 analysts' expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. 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. Equities research 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 firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.42 per share. 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. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block's dividend payout ratio is presently 37.58%.

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.