Morningstar Investment Management LLC Decreases Stake in H&R Block, Inc. $HRB

Morningstar Investment Management LLC reduced its holdings in H&R Block, Inc. (NYSE:HRB) by 83.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,692 shares of the company’s stock after selling 86,886 shares during the period. Morningstar Investment Management LLC’s holdings in H&R Block were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HRB. AQR Capital Management LLC lifted its stake in shares of H&R Block by 60.4% in the third quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock worth $130,961,000 after buying an additional 976,069 shares in the last quarter. Boston Partners lifted its stake in shares of H&R Block by 20.2% in the third quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after buying an additional 652,690 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of H&R Block by 71,048.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 597,651 shares of the company’s stock worth $26,046,000 after buying an additional 596,811 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of H&R Block by 335.4% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 749,298 shares of the company’s stock worth $37,892,000 after buying an additional 577,200 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension purchased a new position in shares of H&R Block in the fourth quarter worth about $24,215,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a research note on Friday, February 6th. Weiss Ratings raised shares of 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 objective on shares of H&R Block in a research report on Monday, April 27th. Finally, Zacks Research upgraded shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, H&R Block has an average rating of “Moderate Buy” and an average price target of $41.00.

H&R Block Trading Up 0.1%

H&R Block stock opened at $38.94 on Tuesday. 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 $4.94 billion, a P/E ratio of 6.93, a PEG ratio of 0.60 and a beta of 0.29. The company has a 50-day moving average price of $32.91 and a 200 day moving average price of $37.19.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business earned $5.38 earnings per share. H&R Block’s revenue was up 5.3% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. As a group, analysts forecast that H&R Block, Inc. will post 5.18 EPS for the current year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.3%. H&R Block’s dividend payout ratio (DPR) is currently 29.89%.

H&R Block Company 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.