57,857 Shares in H&R Block, Inc. $HRB Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new stake in H&R Block, Inc. (NYSE:HRB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 57,857 shares of the company’s stock, valued at approximately $2,203,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in H&R Block during the 4th quarter worth $28,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of H&R Block by 100.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after buying an additional 357 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of H&R Block by 54.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after buying an additional 314 shares during the period. Danske Bank A S acquired a new position in H&R Block in the third quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC grew its position in H&R Block by 119.2% in the second quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock valued at $50,000 after acquiring an additional 497 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Down 1.2%

Shares of NYSE HRB opened at $52.53 on Thursday. H&R Block, Inc. has a one year low of $28.16 and a one year high of $58.67. The business’s fifty day moving average price is $43.50 and its 200-day moving average price is $36.84. The company has a debt-to-equity ratio of 12.69, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $6.66 billion, a PE ratio of 9.18, a P/E/G ratio of 0.69 and a beta of 0.34.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.17. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%.The company’s revenue was up 255.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. On average, equities research analysts anticipate that H&R Block, Inc. will post 6.14 EPS for the current year.

H&R Block Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, September 3rd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.5%. This is a positive change from H&R Block’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, September 3rd. H&R Block’s dividend payout ratio (DPR) is presently 29.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HRB shares. The Goldman Sachs Group upped their price target on shares of H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Stephens started coverage on shares of H&R Block in a report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 target price for the company. 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. Finally, Barrington Research boosted their target price on shares of H&R Block from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, H&R Block currently has a consensus rating of “Hold” and a consensus price target of $46.67.

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.