Y Intercept Hong Kong Ltd Buys New Shares in H&R Block, Inc. $HRB

Y Intercept Hong Kong Ltd purchased a new position in H&R Block, Inc. (NYSE:HRB) in the first quarter, Holdings Channel.com reports. The firm purchased 47,981 shares of the company’s stock, valued at approximately $1,523,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of H&R Block by 85.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock worth $119,000 after acquiring an additional 1,009 shares during the period. Jones Financial Companies Lllp raised its stake in H&R Block by 3.6% during the 1st quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock valued at $627,000 after purchasing an additional 400 shares during the period. Goldman Sachs Group Inc. raised its stake in H&R Block by 15.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock valued at $46,593,000 after purchasing an additional 112,127 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in H&R Block by 100.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after purchasing an additional 357 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in H&R Block by 119.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock worth $50,000 after purchasing an additional 497 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HRB shares. Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Barrington Research reissued an “outperform” rating and issued a $50.00 target price on shares of H&R Block in a report on Monday, April 27th. Finally, Zacks Research upgraded shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

H&R Block Price Performance

Shares of HRB stock traded up $0.88 during trading hours on Friday, hitting $39.54. The stock had a trading volume of 1,754,081 shares, compared to its average volume of 1,938,839. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.55 and a beta of 0.36. H&R Block, Inc. has a one year low of $28.16 and a one year high of $57.08. The stock’s 50-day moving average price is $37.16 and its two-hundred day moving average price is $35.73.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.77 by $0.25. The company had revenue of $2.40 billion during 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 revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. As a group, equities research analysts predict that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, June 3rd. H&R Block’s dividend payout ratio is currently 29.89%.

About H&R Block

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.