Miller Howard Investments Inc. NY Sells 189,224 Shares of H&R Block, Inc. $HRB

Miller Howard Investments Inc. NY reduced its position in H&R Block, Inc. (NYSE:HRB) by 33.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 370,841 shares of the company’s stock after selling 189,224 shares during the period. Miller Howard Investments Inc. NY’s holdings in H&R Block were worth $16,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC bought a new stake in shares of H&R Block in the third quarter valued at about $2,244,000. Alps Advisors Inc. raised its holdings in shares of H&R Block by 32.5% in the third quarter. Alps Advisors Inc. now owns 411,450 shares of the company’s stock valued at $20,807,000 after acquiring an additional 101,025 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of H&R Block by 3,375.9% in the third quarter. Kingsview Wealth Management LLC now owns 193,262 shares of the company’s stock valued at $9,773,000 after acquiring an additional 187,702 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of H&R Block by 173.2% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 267,466 shares of the company’s stock valued at $13,526,000 after acquiring an additional 169,562 shares in the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of H&R Block by 17.8% in the third quarter. Tectonic Advisors LLC now owns 169,753 shares of the company’s stock valued at $8,584,000 after acquiring an additional 25,706 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HRB shares. Barrington Research decreased their price objective on H&R Block from $62.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. The Goldman Sachs Group decreased their price objective on H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a report on Friday, February 6th. Finally, Weiss Ratings upgraded shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.00.

H&R Block Stock Performance

Shares of H&R Block stock opened at $32.18 on Monday. The company has a market capitalization of $4.08 billion, a PE ratio of 7.43, a P/E/G ratio of 0.52 and a beta of 0.32. The company has a 50-day simple moving average of $31.11 and a two-hundred day simple moving average of $39.99. H&R Block, Inc. has a one year low of $28.16 and a one year high of $64.62.

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

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.2%. H&R Block’s payout ratio is presently 38.80%.

H&R Block 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.