M&T Bank Corp Buys 219,450 Shares of H&R Block, Inc. $HRB

M&T Bank Corp lifted its stake in H&R Block, Inc. (NYSE:HRB) by 634.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 254,055 shares of the company’s stock after acquiring an additional 219,450 shares during the period. M&T Bank Corp’s holdings in H&R Block were worth $11,072,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HRB. AQR Capital Management LLC raised its stake in shares of H&R Block by 60.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock valued at $130,961,000 after acquiring an additional 976,069 shares in the last quarter. Boston Partners raised its stake in shares of H&R Block by 20.2% in the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock valued at $196,542,000 after acquiring an additional 652,690 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of H&R Block by 335.4% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 749,298 shares of the company’s stock valued at $37,892,000 after acquiring an additional 577,200 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of H&R Block by 24.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,990,367 shares of the company’s stock valued at $100,653,000 after acquiring an additional 391,711 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of H&R Block by 10.9% in the 3rd quarter. Northern Trust Corp now owns 2,750,413 shares of the company’s stock valued at $139,088,000 after acquiring an additional 269,581 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Down 2.4%

Shares of NYSE HRB opened at $30.27 on Friday. The business’s 50 day moving average is $31.15 and its two-hundred day moving average is $39.46. The company has a market cap of $3.84 billion, a P/E ratio of 6.99, a P/E/G ratio of 0.50 and a beta of 0.32. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $64.62.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.84) EPS for the quarter, topping the consensus estimate of ($1.96) by $0.12. The company had revenue of $198.87 million for the quarter, compared to the consensus estimate of $187.36 million. H&R Block had a negative return on equity of 176.02% and a net margin of 16.19%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted ($1.73) EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Sell-side analysts expect that H&R Block, Inc. will post 4.98 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. Shareholders of record on Wednesday, March 4th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, March 4th. H&R Block’s payout ratio is currently 38.80%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HRB shares. Weiss Ratings raised H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Barrington Research cut their price objective 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. Finally, The Goldman Sachs Group cut their price objective on H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.00.

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.