Sequoia Financial Advisors LLC Sells 1,502 Shares of H&R Block, Inc. $HRB

Sequoia Financial Advisors LLC reduced its stake in H&R Block, Inc. (NYSE:HRB) by 6.1% during the second quarter, Holdings Channel.com reports. The fund owned 23,052 shares of the company’s stock after selling 1,502 shares during the period. Sequoia Financial Advisors LLC’s holdings in H&R Block were worth $1,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in shares of H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company’s stock worth $143,233,000 after acquiring an additional 263,274 shares during the period. Wellington Management Group LLP lifted its stake in shares of H&R Block by 5.9% in the first quarter. Wellington Management Group LLP now owns 2,141,988 shares of the company’s stock worth $117,617,000 after acquiring an additional 119,510 shares during the period. LSV Asset Management lifted its stake in shares of H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company’s stock worth $91,571,000 after acquiring an additional 209,019 shares during the period. Royal Bank of Canada lifted its stake in shares of H&R Block by 0.9% in the first quarter. Royal Bank of Canada now owns 1,244,858 shares of the company’s stock worth $68,356,000 after acquiring an additional 10,671 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of H&R Block by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 976,797 shares of the company’s stock worth $53,637,000 after acquiring an additional 9,428 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

Shares of HRB opened at $52.67 on Friday. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62. The business’s 50 day moving average price is $50.86 and its two-hundred day moving average price is $54.93. The firm has a market cap of $6.73 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31.

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

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 4th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, September 4th. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.2%. H&R Block’s payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

HRB has been the topic of a number of recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of H&R Block in a research note on Tuesday, September 23rd. The Goldman Sachs Group dropped their price target on H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of H&R Block in a research note on Wednesday, October 8th. Finally, Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.