Voya Investment Management LLC Sells 28,541 Shares of H&R Block, Inc. $HRB

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 trimmed its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.23% of H&R Block worth $16,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers grew its position in H&R Block by 13.0% during the 4th quarter. Cetera Investment Advisers now owns 37,598 shares of the company's stock valued at $1,987,000 after purchasing an additional 4,313 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of H&R Block by 2.6% during the 4th quarter. Deutsche Bank AG now owns 44,395 shares of the company's stock valued at $2,346,000 after acquiring an additional 1,111 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of H&R Block by 3.2% in the 4th quarter. Janus Henderson Group PLC now owns 64,840 shares of the company's stock worth $3,427,000 after purchasing an additional 1,981 shares during the period. Nomura Holdings Inc. bought a new stake in H&R Block during the 4th quarter worth approximately $961,000. Finally, Man Group plc raised its stake in H&R Block by 140.0% during the 4th quarter. Man Group plc now owns 72,619 shares of the company's stock worth $3,837,000 after acquiring an additional 42,359 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Down 2.3%

H&R Block stock opened at $50.07 on Tuesday. 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 firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 0.83 and a beta of 0.26. H&R Block, Inc. has a fifty-two week low of $47.00 and a fifty-two week high of $64.90. The stock's fifty day moving average is $53.16 and its two-hundred day moving average is $55.36.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $1.89 EPS. The firm'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. Analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Thursday, September 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. H&R Block's payout ratio is 37.58%.

Analysts Set New Price Targets

HRB has been the subject of a number of recent research reports. Barrington Research cut their target price on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group lowered their target price on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a research note on Wednesday, August 13th. One 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 stock. According to MarketBeat.com, H&R Block presently has a consensus 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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