XTX Topco Ltd Buys 13,627 Shares of H&R Block, Inc. $HRB

XTX Topco Ltd boosted its stake in H&R Block, Inc. (NYSE:HRB) by 72.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,543 shares of the company’s stock after purchasing an additional 13,627 shares during the quarter. XTX Topco Ltd’s holdings in H&R Block were worth $1,786,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in shares of H&R Block by 17.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 8,121 shares of the company’s stock valued at $446,000 after buying an additional 1,212 shares in the last quarter. Cetera Investment Advisers increased its stake in H&R Block by 39.7% in the first quarter. Cetera Investment Advisers now owns 52,532 shares of the company’s stock valued at $2,884,000 after acquiring an additional 14,934 shares during the last quarter. HB Wealth Management LLC acquired a new position in H&R Block during the first quarter valued at approximately $230,000. LPL Financial LLC raised its position in H&R Block by 8.7% during the first quarter. LPL Financial LLC now owns 107,190 shares of the company’s stock valued at $5,886,000 after purchasing an additional 8,598 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in H&R Block by 3.3% during the first quarter. Federated Hermes Inc. now owns 92,862 shares of the company’s stock worth $5,099,000 after purchasing an additional 2,944 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on HRB. Barrington Research reissued an “outperform” rating and set a $62.00 price target on shares of H&R Block in a report on Monday, October 27th. Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a report on Tuesday. Finally, The Goldman Sachs Group reduced 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 note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, H&R Block has a consensus rating of “Hold” and a consensus price target of $55.00.

H&R Block Price Performance

H&R Block stock opened at $41.72 on Friday. The stock has a 50-day moving average price of $48.94 and a two-hundred day moving average price of $52.56. H&R Block, Inc. has a 12 month low of $41.38 and a 12 month high of $64.62. The company has a market capitalization of $5.27 billion, a PE ratio of 9.33, a P/E/G ratio of 0.82 and a beta of 0.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $0.20. The company 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%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.17) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Thursday, December 4th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, December 4th. H&R Block’s dividend payout ratio is 37.75%.

Insider Activity

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

About H&R Block

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.