Wedge Capital Management L L P NC Decreases Stake in H&R Block, Inc. $HRB

Wedge Capital Management L L P NC cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 91.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,281 shares of the company’s stock after selling 676,716 shares during the quarter. Wedge Capital Management L L P NC’s holdings in H&R Block were worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in shares of H&R Block in the first quarter valued at approximately $26,000. Operose Advisors LLC purchased a new position in H&R Block in the 2nd quarter valued at approximately $27,000. Brooklyn Investment Group raised 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 valued at $28,000 after acquiring an additional 215 shares during the period. Signaturefd LLC lifted its position 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 acquiring an additional 186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of H&R Block by 100.8% in the second 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 period. Institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

H&R Block stock opened at $42.92 on Tuesday. The business has a 50-day simple moving average of $46.29 and a 200 day simple moving average of $50.71. H&R Block, Inc. has a 52 week low of $41.17 and a 52 week high of $64.62. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.71 and a beta of 0.31. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.20) earnings per share for the quarter, topping the consensus estimate of ($1.40) by $0.20. The company had revenue of $203.55 million for the quarter, compared to analysts’ expectations of $200.13 million. H&R Block had a net margin of 16.24% and a negative return on equity of 169.98%. H&R Block’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.17) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, December 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. H&R Block’s dividend payout ratio (DPR) is 37.75%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HRB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of H&R Block in a research note on Monday, December 15th. Barrington Research reiterated an “outperform” rating and set a $62.00 price target on shares of H&R Block in a research report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.00.

Insider Activity

In related news, CEO Jeffrey J. Jones II sold 128,818 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $44.54, for a total value of $5,737,553.72. Following the completion of the transaction, the chief executive officer directly owned 861,313 shares in the company, valued at approximately $38,362,881.02. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.