18,916 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new position in H&R Block, purchasing 18,916 shares valued at approximately $1.04 million during the first quarter.
• H&R Block recently reported earnings of $5.38 per share, surpassing analyst expectations, with revenue reaching $2.28 billion, a year-over-year increase of 4.2%.
• The company's recent dividend announcement included a quarterly payment of $0.375 per share, reflecting an annualized yield of 2.8%.

XTX Topco Ltd acquired a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 18,916 shares of the company's stock, valued at approximately $1,039,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of H&R Block during the first quarter valued at about $226,000. GSA Capital Partners LLP purchased a new position in shares of H&R Block during the first quarter valued at approximately $890,000. Federated Hermes Inc. increased its position in H&R Block by 3.3% during the 1st quarter. Federated Hermes Inc. now owns 92,862 shares of the company's stock valued at $5,099,000 after purchasing an additional 2,944 shares during the period. Prosperity Consulting Group LLC increased its position in H&R Block by 16.6% during the 1st quarter. Prosperity Consulting Group LLC now owns 6,454 shares of the company's stock valued at $354,000 after purchasing an additional 918 shares during the period. Finally, Corton Capital Inc. bought a new position in H&R Block in the 1st quarter worth $206,000. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

Shares of HRB traded up $0.52 on Monday, hitting $55.00. 912,650 shares of the stock traded hands, compared to its average volume of 1,006,991. H&R Block, Inc. has a one year low of $49.16 and a one year high of $68.45. The company has a market capitalization of $7.36 billion, a PE ratio of 13.48, a P/E/G ratio of 0.85 and a beta of 0.24. The business has a 50 day simple moving average of $55.80 and a 200 day simple moving average of $55.78.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.94 EPS. On average, equities analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.7%. H&R Block's dividend payout ratio is presently 36.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HRB shares. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group raised their price objective on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research report on Thursday, May 8th. Finally, Barrington Research reiterated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research note on Friday, April 25th.

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.