H&R Block, Inc. $HRB Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its holdings in H&R Block, Inc. (NYSE:HRB) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 165,431 shares of the company’s stock after selling 27,831 shares during the period. Kingsview Wealth Management LLC’s holdings in H&R Block were worth $7,209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Clearstead Advisors LLC raised its position in shares of H&R Block by 134.4% during the 3rd quarter. Clearstead Advisors LLC now owns 511 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Abound Wealth Management boosted its position in H&R Block by 208.0% during the 4th quarter. Abound Wealth Management now owns 616 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the period. Elevation Wealth Partners LLC bought a new position in H&R Block during the 4th quarter worth $33,000. Valley National Advisers Inc. bought a new position in H&R Block during the 4th quarter worth $34,000. Finally, Spire Wealth Management increased its position in H&R Block by 61.1% in the fourth quarter. Spire Wealth Management now owns 836 shares of the company’s stock worth $36,000 after buying an additional 317 shares during the period. 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 upgraded H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Barrington Research restated an “outperform” rating and set a $50.00 price target on shares of H&R Block in a research report on Monday, April 27th. The Goldman Sachs Group cut their price objective on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a research report on Friday, February 6th. Finally, Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

H&R Block Price Performance

HRB opened at $38.33 on Friday. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $59.05. The stock has a market cap of $4.86 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.60 and a beta of 0.29. The stock’s 50 day moving average price is $33.38 and its 200 day moving average price is $36.94.

H&R Block (NYSE:HRB) last announced its quarterly earnings results 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 negative return on equity of 211.62% and a net margin of 18.90%.The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $5.38 EPS. The firm’s quarterly revenue 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 analysts anticipate that H&R Block, Inc. will post 5.18 EPS for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, June 3rd. H&R Block’s payout ratio is currently 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.