Wealth Enhancement Advisory Services LLC Acquires 13,404 Shares of H&R Block, Inc. $HRB

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in H&R Block by 84% during the second quarter, acquiring an additional 13,404 shares for a total of 29,354 shares valued at $1.65 million.
• Analysts have mixed views on H&R Block, with Goldman Sachs reducing their target price from $54.00 to $48.00 and maintaining a "sell" rating, while Barrington Research set a target of $62.00 with an "outperform" rating.
• H&R Block recently declared a quarterly dividend of $0.42, increasing from the previous $0.38, representing an annualized yield of 3.3%.

Wealth Enhancement Advisory Services LLC boosted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 84.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,354 shares of the company's stock after acquiring an additional 13,404 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in H&R Block were worth $1,647,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Brown Advisory Inc. boosted its holdings in H&R Block by 1.6% in the first 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. Bogart Wealth LLC boosted its holdings in H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group boosted its holdings in H&R Block by 72.1% in the first quarter. Brooklyn Investment Group now owns 513 shares of the company's stock valued at $28,000 after acquiring an additional 215 shares during the last quarter. MSH Capital Advisors LLC boosted its holdings in H&R Block by 1.3% in the first quarter. MSH Capital Advisors LLC now owns 17,767 shares of the company's stock valued at $976,000 after acquiring an additional 230 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock valued at $75,000 after acquiring an additional 243 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on HRB shares. 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. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Barrington Research reissued an "outperform" rating and issued a $62.00 price target on shares of H&R Block in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.00.

H&R Block Price Performance

Shares of NYSE:HRB opened at $50.59 on Tuesday. 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 twelve month low of $47.00 and a twelve month high of $64.62. The stock's 50 day moving average is $52.05 and its 200-day moving average is $55.18. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.81 and a beta of 0.26.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing analysts' consensus estimates 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 company earned $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. Sell-side analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The business 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 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 4th. This is an increase from H&R Block's previous quarterly dividend of $0.38. H&R Block's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.