H&R Block, Inc. $HRB Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 53.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,301 shares of the company’s stock after selling 17,561 shares during the quarter. South Dakota Investment Council’s holdings in H&R Block were worth $840,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HRB. New Vernon Capital Holdings II LLC raised its holdings in shares of H&R Block by 5,391.0% in the first quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company’s stock worth $34,113,000 after acquiring an additional 609,938 shares during the last quarter. Northern Trust Corp grew its position in shares of H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company’s stock valued at $143,233,000 after purchasing an additional 263,274 shares during the period. LSV Asset Management grew its position in shares of H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company’s stock valued at $91,571,000 after purchasing an additional 209,019 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of H&R Block in the first quarter valued at $10,629,000. Finally, Los Angeles Capital Management LLC grew its position in shares of H&R Block by 70.0% in the first quarter. Los Angeles Capital Management LLC now owns 367,389 shares of the company’s stock valued at $20,173,000 after purchasing an additional 151,224 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Price Performance

HRB stock opened at $50.02 on Wednesday. The stock has a 50-day moving average price of $50.86 and a two-hundred day moving average price of $54.26. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a market cap of $6.40 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.82 and a beta of 0.31.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $1.89 EPS. H&R Block’s 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 predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 4th were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. H&R Block’s dividend payout ratio (DPR) is currently 37.58%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. The Goldman Sachs Group lowered their price objective on 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. Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of H&R Block in a research report on Monday, October 27th. Finally, Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently 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.