H&R Block, Inc. $HRB Position Cut by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its position in shares of H&R Block, Inc. (NYSE:HRB) by 98.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,843 shares of the company’s stock after selling 829,906 shares during the period. NewEdge Wealth LLC’s holdings in H&R Block were worth $439,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. UBS Group AG lifted its position in H&R Block by 19.2% in the 4th quarter. UBS Group AG now owns 934,917 shares of the company’s stock valued at $40,744,000 after purchasing an additional 150,719 shares during the last quarter. Sound Income Strategies LLC grew its position in H&R Block by 1,999.7% in the 4th quarter. Sound Income Strategies LLC now owns 106,077 shares of the company’s stock worth $4,461,000 after purchasing an additional 101,025 shares during the last quarter. Ceera Investments LLC increased its stake in shares of H&R Block by 299.1% in the first quarter. Ceera Investments LLC now owns 42,228 shares of the company’s stock valued at $1,340,000 after purchasing an additional 31,648 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of H&R Block in the first quarter valued at approximately $1,523,000. Finally, Fifth Third Bancorp raised its holdings in shares of H&R Block by 543.1% during the first quarter. Fifth Third Bancorp now owns 67,038 shares of the company’s stock valued at $2,128,000 after buying an additional 56,613 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Trading Up 6.3%

Shares of NYSE:HRB opened at $44.99 on Wednesday. The company has a 50 day moving average of $38.62 and a 200-day moving average of $35.50. The firm has a market cap of $5.70 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.60 and a beta of 0.36. H&R Block, Inc. has a twelve month low of $28.16 and a twelve month high of $55.95.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 EPS for the quarter, beating 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business earned $5.38 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Equities research analysts forecast that H&R Block, Inc. will post 5.18 EPS for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is presently 29.89%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HRB. Stephens assumed coverage on H&R Block in a research report on Tuesday. They set an “equal weight” rating and a $47.00 price objective for the company. Barrington Research reaffirmed an “outperform” rating and set a $50.00 target price on shares of H&R Block in a research note on Monday, April 27th. Zacks Research raised H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, H&R Block presently has an average rating of “Hold” and a consensus price target of $43.00.

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.