Northwestern Mutual Wealth Management Co. Grows Stock Holdings in H&R Block, Inc. $HRB

Northwestern Mutual Wealth Management Co. increased its position in shares of H&R Block, Inc. (NYSE:HRB) by 71,048.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 597,651 shares of the company’s stock after buying an additional 596,811 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in H&R Block were worth $26,046,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of H&R Block during the 4th quarter valued at approximately $24,215,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of H&R Block by 23.4% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 41,200 shares of the company’s stock valued at $1,795,000 after buying an additional 7,800 shares during the period. Versor Investments LP raised its position in shares of H&R Block by 20.8% during the 4th quarter. Versor Investments LP now owns 20,100 shares of the company’s stock valued at $876,000 after buying an additional 3,464 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of H&R Block by 73.3% during the 4th quarter. Swiss Life Asset Management Ltd now owns 10,534 shares of the company’s stock valued at $459,000 after buying an additional 4,456 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of H&R Block by 19.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 24,795 shares of the company’s stock valued at $1,081,000 after buying an additional 3,987 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HRB. Barrington Research reaffirmed an “outperform” rating and set a $50.00 price target on shares of H&R Block in a research report on Monday, April 27th. Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group reduced their price target on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a research report on Friday, February 6th. Finally, Weiss Ratings raised shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

H&R Block Stock Up 0.5%

Shares of NYSE HRB opened at $38.89 on Wednesday. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.60 and a beta of 0.29. H&R Block, Inc. has a 52-week low of $28.16 and a 52-week high of $59.05. The business’s 50 day moving average is $32.23 and its two-hundred day moving average is $37.50.

H&R Block (NYSE:HRB) last announced its earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.77 by $0.25. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Analysts anticipate that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.3%. H&R Block’s payout ratio is presently 29.89%.

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.