Truist Financial Corp Acquires 46,529 Shares of H&R Block, Inc. $HRB

Truist Financial Corp increased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 6.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 813,898 shares of the company’s stock after purchasing an additional 46,529 shares during the quarter. Truist Financial Corp’s holdings in H&R Block were worth $44,675,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of HRB. SVB Wealth LLC bought a new stake in shares of H&R Block during the first quarter worth $26,000. Brooklyn Investment Group increased its holdings in H&R Block by 72.1% during the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after purchasing an additional 215 shares in the last quarter. Signaturefd LLC grew its holdings in shares of H&R Block by 40.0% during the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after buying an additional 186 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock worth $75,000 after buying an additional 243 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Performance

Shares of HRB opened at $51.16 on Friday. The firm has a 50-day moving average of $51.73 and a 200-day moving average of $55.11. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.62. The company has a market cap of $6.54 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 EPS 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group decreased their target price on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research report on Wednesday, August 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $62.00 target price on shares of H&R Block in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block Profile

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.