Texas Permanent School Fund Corp Trims Stock Holdings in H&R Block, Inc. $HRB

Texas Permanent School Fund Corp lessened its stake in shares of H&R Block, Inc. (NYSE:HRB) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,358 shares of the company’s stock after selling 15,276 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of H&R Block worth $6,936,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of H&R Block in the 1st quarter worth approximately $26,000. Operose Advisors LLC acquired a new position in H&R Block during the second quarter worth $27,000. Brooklyn Investment Group boosted its position in shares of H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after buying an additional 215 shares during the period. Signaturefd LLC grew its stake in shares of H&R Block by 40.0% in the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after buying an additional 186 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $39,000 after buying an additional 357 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 176,449 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $46.46, for a total value of $8,197,820.54. Following the sale, the chief executive officer directly owned 906,313 shares of the company’s stock, valued at approximately $42,107,301.98. This represents a 16.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

H&R Block Trading Down 0.1%

NYSE:HRB opened at $43.47 on Wednesday. H&R Block, Inc. has a 12-month low of $41.17 and a 12-month high of $64.62. The firm has a market cap of $5.50 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 0.70 and a beta of 0.31. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 12.86. The stock has a fifty day moving average price of $46.85 and a 200 day moving average price of $51.13.

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

H&R Block Announces Dividend

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

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.