Mutual of America Capital Management LLC Sells 2,313 Shares of H&R Block, Inc. $HRB

Mutual of America Capital Management LLC lessened its holdings in H&R Block, Inc. (NYSE:HRB) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,578 shares of the company’s stock after selling 2,313 shares during the quarter. Mutual of America Capital Management LLC’s holdings in H&R Block were worth $3,654,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SVB Wealth LLC bought a new position in shares of H&R Block in the 1st quarter valued at about $26,000. Brooklyn Investment Group raised its position in shares of H&R Block by 72.1% in the 1st 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 period. Signaturefd LLC raised its position in shares of H&R Block by 40.0% in the 2nd quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after acquiring an additional 186 shares during the period. Bogart Wealth LLC raised its position in shares of H&R Block by 42.9% in the 1st 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 period. Finally, Covestor Ltd raised its position in shares of H&R Block by 21.8% in the 1st 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 period. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of HRB stock opened at $52.25 on Friday. 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 company has a market capitalization of $6.68 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.85 and a beta of 0.31. The company’s 50 day moving average price is $50.91 and its two-hundred day moving average price is $54.82. H&R Block, Inc. has a 52 week low of $47.00 and a 52 week high of $64.62.

H&R Block (NYSE:HRB) last posted its quarterly earnings data 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 net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.89 earnings per share. H&R Block’s revenue for the quarter 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, analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 4th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, September 4th. H&R Block’s dividend payout ratio is 37.58%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $62.00 price target on shares of H&R Block in a research report on Tuesday, September 23rd. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of H&R Block in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group cut their price target on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.