Hsbc Holdings PLC Has $1.99 Million Stake in H&R Block, Inc. $HRB

Hsbc Holdings PLC decreased its holdings in H&R Block, Inc. (NYSE:HRB) by 32.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,627 shares of the company’s stock after selling 29,833 shares during the quarter. Hsbc Holdings PLC’s holdings in H&R Block were worth $1,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in shares of H&R Block in the fourth quarter valued at $28,000. Valley National Advisers Inc. acquired a new position in H&R Block during the 4th quarter worth about $34,000. Spire Wealth Management lifted its position in H&R Block by 61.1% during the 4th quarter. Spire Wealth Management now owns 836 shares of the company’s stock worth $36,000 after buying an additional 317 shares in the last quarter. Signaturefd LLC grew its holdings in H&R Block by 82.1% during the 4th quarter. Signaturefd LLC now owns 843 shares of the company’s stock worth $37,000 after acquiring an additional 380 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in H&R Block by 100.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analysts Set New Price Targets

HRB has been the subject of a number of research analyst reports. Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of H&R Block in a research note on Monday, April 27th. Finally, Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

H&R Block Stock Down 0.1%

Shares of HRB opened at $40.78 on Monday. The stock’s fifty day simple moving average is $38.42 and its 200-day simple moving average is $35.50. The firm has a market capitalization of $5.17 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36. H&R Block, Inc. has a 12-month low of $28.16 and a 12-month high of $56.51.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.77 by $0.25. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.34 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Analysts anticipate that H&R Block, Inc. will post 5.18 EPS for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. 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.