United Services Automobile Association Buys Shares of 9,266 H&R Block, Inc. $HRB

United Services Automobile Association purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,266 shares of the company’s stock, valued at approximately $501,000.

A number of other large investors have also added to or reduced their stakes in HRB. New Vernon Capital Holdings II LLC lifted its stake in shares of H&R Block by 5,391.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company’s stock valued at $34,113,000 after buying an additional 609,938 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in H&R Block in the 1st quarter valued at about $30,429,000. Bank of America Corp DE boosted its position in H&R Block by 88.3% in the 4th quarter. Bank of America Corp DE now owns 914,884 shares of the company’s stock valued at $48,342,000 after buying an additional 429,101 shares during the period. Northern Trust Corp lifted its position in shares of H&R Block by 11.2% in the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company’s stock worth $143,233,000 after purchasing an additional 263,274 shares during the period. Finally, Boston Trust Walden Corp lifted its position in H&R Block by 52.2% during the first quarter. Boston Trust Walden Corp now owns 735,757 shares of the company’s stock valued at $40,400,000 after acquiring an additional 252,185 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HRB shares. Zacks Research lowered 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 price objective on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a report on Wednesday, August 13th. Finally, Barrington Research decreased their price target on shares of H&R Block from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, H&R Block presently has an average rating of “Hold” and an average target price of $55.00.

H&R Block Stock Down 2.3%

Shares of H&R Block stock opened at $50.25 on Thursday. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.90. The company has a 50 day moving average of $53.43 and a 200 day moving average of $55.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a market capitalization of $6.73 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.83 and a beta of 0.26.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The company’s quarterly revenue 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, research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

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

H&R Block Company 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.