Archer Investment Corp Acquires 15,500 Shares of H&R Block, Inc. $HRB

Archer Investment Corp grew its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 1,937.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,300 shares of the company’s stock after acquiring an additional 15,500 shares during the period. Archer Investment Corp’s holdings in H&R Block were worth $517,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in H&R Block by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,171 shares of the company’s stock worth $2,335,000 after purchasing an additional 286 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in H&R Block by 1.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,496 shares of the company’s stock valued at $980,000 after acquiring an additional 309 shares during the last quarter. Vise Technologies Inc. boosted its position in H&R Block by 7.4% during the third quarter. Vise Technologies Inc. now owns 4,486 shares of the company’s stock valued at $227,000 after acquiring an additional 311 shares during the last quarter. Spire Wealth Management grew its holdings in H&R Block by 61.1% during the 4th quarter. Spire Wealth Management now owns 836 shares of the company’s stock worth $36,000 after acquiring an additional 317 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of H&R Block by 10.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,835 shares of the company’s stock worth $194,000 after acquiring an additional 348 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HRB. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Zacks Research upgraded shares of H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Trading Up 3.2%

Shares of H&R Block stock opened at $40.84 on Tuesday. The company has a market capitalization of $5.18 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 0.56 and a beta of 0.36. The stock has a fifty day simple moving average of $37.34 and a 200 day simple moving average of $35.66. H&R Block, Inc. has a 12-month low of $28.16 and a 12-month high of $56.76.

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

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. H&R Block’s dividend payout ratio is presently 29.89%.

H&R Block 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.