53,000 Shares in H&R Block, Inc. $HRB Bought by Kendall Capital Management

Kendall Capital Management bought a new stake in H&R Block, Inc. (NYSE:HRB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 53,000 shares of the company’s stock, valued at approximately $2,018,000.

A number of other institutional investors have also recently added to or reduced their stakes in HRB. Fuller & Thaler Asset Management Inc. raised its holdings in shares of H&R Block by 4.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,516 shares of the company’s stock worth $186,763,000 after purchasing an additional 191,608 shares during the period. Boston Partners grew its holdings in shares of H&R Block by 20.2% during the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after purchasing an additional 652,690 shares during the period. Lazard Asset Management LLC increased its position in H&R Block by 50.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,761,094 shares of the company’s stock worth $119,377,000 after purchasing an additional 1,269,064 shares in the last quarter. AQR Capital Management LLC increased its position in H&R Block by 31.2% during the 4th quarter. AQR Capital Management LLC now owns 3,402,728 shares of the company’s stock worth $146,998,000 after purchasing an additional 809,438 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in H&R Block by 10.9% in the third quarter. Northern Trust Corp now owns 2,750,413 shares of the company’s stock valued at $139,088,000 after buying an additional 269,581 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of H&R Block from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Barrington Research upped their price target on H&R Block from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Stephens initiated coverage on H&R Block in a research note on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 target price for the company. Finally, Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.67.

H&R Block Trading Up 1.1%

H&R Block stock opened at $53.62 on Friday. The firm’s 50-day moving average is $42.46 and its 200-day moving average is $36.48. The company has a debt-to-equity ratio of 12.69, a quick ratio of 1.00 and a current ratio of 1.13. H&R Block, Inc. has a 1 year low of $28.16 and a 1 year high of $58.67. The company has a market cap of $6.80 billion, a P/E ratio of 9.37, a PEG ratio of 0.70 and a beta of 0.34.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.17. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. The company’s revenue for the quarter was up 255.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 EPS. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. On average, equities analysts expect that H&R Block, Inc. will post 6.14 earnings per share for the current year.

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, September 3rd. This is a positive change from H&R Block’s previous quarterly dividend of $0.42. H&R Block’s payout ratio is currently 29.37%.

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.