Wellington Management Group LLP Purchases 119,510 Shares of H&R Block, Inc. $HRB

Key Points

• Wellington Management Group LLP increased its stake in H&R Block by 5.9%, now owning 2.14 million shares valued at approximately $117.62 million.
• H&R Block reported a missed earnings estimate of $2.27 per share for the last quarter, compared to the expected $2.81, despite a year-over-year revenue increase of 4.6%.
• The company announced a quarterly dividend increase to $0.42 per share, which reflects an annualized dividend of $1.68 and a yield of 3.3%.

Wellington Management Group LLP raised its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,141,988 shares of the company's stock after purchasing an additional 119,510 shares during the quarter. Wellington Management Group LLP owned 1.60% of H&R Block worth $117,617,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HRB. Northern Trust Corp raised its position in shares of H&R Block by 11.2% during the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after purchasing an additional 263,274 shares during the period. Lazard Asset Management LLC increased its stake in H&R Block by 36.8% in the 4th quarter. Lazard Asset Management LLC now owns 2,585,026 shares of the company's stock worth $136,591,000 after buying an additional 695,581 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in H&R Block by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,335,353 shares of the company's stock worth $123,395,000 after buying an additional 30,244 shares in the last quarter. AQR Capital Management LLC raised its holdings in H&R Block by 5.6% during the fourth quarter. AQR Capital Management LLC now owns 2,250,059 shares of the company's stock valued at $118,871,000 after acquiring an additional 120,181 shares during the period. Finally, LSV Asset Management lifted its position in shares of H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock valued at $91,571,000 after acquiring an additional 209,019 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

Shares of H&R Block stock opened at $51.3140 on Friday. The firm has a market cap of $6.87 billion, a PE ratio of 11.48, a PEG ratio of 0.83 and a beta of 0.24. The stock has a 50 day moving average of $54.59 and a 200 day moving average of $55.57. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a 12 month low of $47.00 and a 12 month high of $65.08.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the company earned $1.89 earnings per share. 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. On average, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders 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 3.3%. 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 dividend payout ratio is 33.56%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HRB shares. Barrington Research dropped their price objective on H&R Block from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. The Goldman Sachs Group lowered their price target 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. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Zacks Research cut shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.00.

H&R Block 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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