Police & Firemen s Retirement System of New Jersey Buys 1,476 Shares of H&R Block, Inc. $HRB

Police & Firemen s Retirement System of New Jersey grew its stake in H&R Block, Inc. (NYSE:HRB) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,553 shares of the company’s stock after purchasing an additional 1,476 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in H&R Block were worth $2,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SVB Wealth LLC acquired a new position in H&R Block in the 1st quarter valued at about $26,000. Brooklyn Investment Group grew its position in shares of 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 purchasing an additional 215 shares during the last quarter. Signaturefd LLC increased its stake in shares of H&R Block by 40.0% during the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after purchasing an additional 186 shares during the period. Bogart Wealth LLC increased its stake in shares of H&R Block by 30.0% during the second quarter. Bogart Wealth LLC now owns 866 shares of the company’s stock worth $48,000 after purchasing an additional 200 shares during the period. Finally, Assetmark Inc. lifted its holdings in H&R Block by 31.3% during the 2nd quarter. Assetmark Inc. now owns 1,071 shares of the company’s stock worth $59,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

HRB opened at $44.48 on Wednesday. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. H&R Block, Inc. has a 52-week low of $43.11 and a 52-week high of $64.62. The firm has a market cap of $5.62 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.82 and a beta of 0.32. The business’s fifty day moving average is $50.09 and its 200-day moving average is $53.31.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($1.20) EPS for the quarter, beating analysts’ consensus estimates of ($1.40) by $0.20. The business had revenue of $203.55 million during the quarter, compared to the consensus estimate of $200.13 million. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.H&R Block’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.17) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Thursday, December 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, December 4th. H&R Block’s dividend payout ratio (DPR) is 37.75%.

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 176,449 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.46, for a total transaction of $8,197,820.54. Following the completion of the sale, the chief executive officer directly owned 906,313 shares in the company, valued at $42,107,301.98. This represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on HRB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H&R Block in a report on Thursday, November 13th. The Goldman Sachs Group reduced their target price on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research report on Wednesday, August 13th. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barrington Research reiterated an “outperform” rating and issued a $62.00 price objective on shares of H&R Block in a research note on Monday, October 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.