Caxton Associates LLP Makes New $2.09 Million Investment in H&R Block, Inc. $HRB

Caxton Associates LLP purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) during the 1st quarter, Holdings Channel.com reports. The fund purchased 37,972 shares of the company’s stock, valued at approximately $2,085,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HRB. SVB Wealth LLC acquired a new stake in H&R Block during the 1st quarter worth about $26,000. Brooklyn Investment Group grew its position in H&R Block by 72.1% during the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after purchasing an additional 215 shares during the period. Bogart Wealth LLC grew its position in H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after purchasing an additional 200 shares during the period. Covestor Ltd grew its position in H&R Block by 21.8% during the 1st quarter. Covestor Ltd now owns 1,356 shares of the company’s stock worth $75,000 after purchasing an additional 243 shares during the period. Finally, GAMMA Investing LLC grew its position in H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company’s stock worth $83,000 after purchasing an additional 850 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

NYSE:HRB opened at $51.96 on Tuesday. H&R Block, Inc. has a 52 week low of $47.00 and a 52 week high of $64.90. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The stock has a market capitalization of $6.96 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 0.83 and a beta of 0.26. The stock’s 50-day moving average price is $53.63 and its 200-day moving average price is $55.46.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.89 earnings per share. H&R Block’s revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, September 4th. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. H&R Block’s payout ratio is presently 37.58%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HRB shares. The Goldman Sachs Group cut their price target on H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research report on Wednesday, August 13th. Barrington Research dropped their target price on H&R Block from $70.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Finally, Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.00.

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.