H&R Block, Inc. $HRB Shares Bought by Wellington Management Group LLP

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northern Trust Corp lifted its position in H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after acquiring an additional 263,274 shares during the last quarter. Brooklyn Investment Group lifted its position 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. Corient IA LLC purchased a new stake in H&R Block in the first quarter valued at $220,000. Ethic Inc. lifted its position in H&R Block by 30.4% in the first quarter. Ethic Inc. now owns 18,249 shares of the company's stock valued at $1,028,000 after acquiring an additional 4,253 shares during the last quarter. Finally, Liontrust Investment Partners LLP lifted its position in H&R Block by 9.5% in the first quarter. Liontrust Investment Partners LLP now owns 320,767 shares of the company's stock valued at $17,613,000 after acquiring an additional 27,883 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Performance

Shares of H&R Block stock traded up $0.62 on Wednesday, reaching $50.94. 1,911,870 shares of the stock were exchanged, compared to its average volume of 1,956,971. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year 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 business has a fifty day moving average price of $54.27 and a two-hundred day moving average price of $55.49. The firm has a market capitalization of $6.82 billion, a PE ratio of 11.40, a PEG ratio of 0.82 and a beta of 0.24.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly 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 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 quarter last year, the firm earned $1.89 earnings per share. The company's revenue 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. As a group, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. This is an increase 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 33.56%.

Wall Street Analyst Weigh In

HRB has been the subject of a number of research reports. Northcoast Research cut shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. 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. Barrington Research dropped 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 note on Wednesday, August 13th. Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group dropped 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 note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.