Stratos Wealth Advisors LLC Makes New $2.24 Million Investment in H&R Block, Inc. $HRB

Stratos Wealth Advisors LLC acquired a new stake in shares of H&R Block, Inc. (NYSE:HRB) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 44,381 shares of the company’s stock, valued at approximately $2,244,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of H&R Block in the 2nd quarter worth about $97,826,000. Acadian Asset Management LLC bought a new stake in H&R Block during the 2nd quarter valued at about $20,723,000. Qube Research & Technologies Ltd raised its holdings in H&R Block by 21.8% in the second quarter. Qube Research & Technologies Ltd now owns 1,750,760 shares of the company’s stock worth $96,099,000 after buying an additional 312,776 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of H&R Block in the second quarter worth approximately $14,638,000. Finally, Marshall Wace LLP grew its holdings in shares of H&R Block by 24.6% during the second quarter. Marshall Wace LLP now owns 1,091,626 shares of the company’s stock valued at $59,919,000 after buying an additional 215,472 shares during the last quarter. 90.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HRB. Barrington Research cut their target price on H&R Block from $62.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group lowered their price target on H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a report on Friday, February 6th. Finally, Weiss Ratings cut H&R Block from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $41.00.

H&R Block Stock Down 8.7%

Shares of HRB stock opened at $29.80 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a 12 month low of $29.76 and a 12 month high of $64.62. The stock has a market cap of $3.78 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.53 and a beta of 0.36. The company has a 50 day simple moving average of $41.08 and a two-hundred day simple moving average of $46.84.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, February 3rd. The company reported ($1.84) earnings per share for the quarter, beating the consensus estimate of ($1.96) by $0.12. H&R Block had a negative return on equity of 176.02% and a net margin of 16.19%.The company had revenue of $198.87 million for the quarter, compared to the consensus estimate of $187.36 million. During the same period in the previous year, the business earned ($1.73) earnings per share. H&R Block’s quarterly revenue was up 11.1% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, research analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Wednesday, March 4th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.6%. H&R Block’s dividend payout ratio is 38.80%.

Insider Activity at H&R Block

In other news, CEO Jeffrey J. Jones II sold 128,818 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $44.54, for a total transaction of $5,737,553.72. Following the sale, the chief executive officer directly owned 861,313 shares in the company, valued at $38,362,881.02. This trade represents a 13.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

About H&R Block

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.