NewEdge Wealth LLC Decreases Position in H&R Block, Inc. $HRB

NewEdge Wealth LLC reduced its stake in shares of H&R Block, Inc. (NYSE:HRB) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 843,376 shares of the company’s stock after selling 110,822 shares during the quarter. NewEdge Wealth LLC owned 0.66% of H&R Block worth $42,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alpine Bank Wealth Management bought a new position in shares of H&R Block in the 3rd quarter worth approximately $26,000. Operose Advisors LLC purchased a new position in H&R Block during the 2nd quarter valued at about $27,000. Quent Capital LLC purchased a new position in H&R Block during the 3rd quarter valued at about $27,000. Mather Group LLC. bought a new stake in H&R Block during the third quarter worth about $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in H&R Block by 100.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after purchasing an additional 357 shares during the period. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HRB. Barrington Research lowered their target price on shares of H&R Block from $62.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Weiss Ratings raised H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their target price 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. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.00.

H&R Block Trading Up 3.7%

Shares of HRB stock opened at $31.66 on Thursday. H&R Block, Inc. has a 12-month low of $28.16 and a 12-month high of $64.62. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 12.86. The firm’s 50 day moving average is $39.95 and its 200 day moving average is $45.99. The stock has a market capitalization of $4.01 billion, a P/E ratio of 7.31, a P/E/G ratio of 0.49 and a beta of 0.36.

H&R Block (NYSE:HRB) last released its quarterly 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 firm had revenue of $198.87 million for the quarter, compared to analysts’ expectations of $187.36 million. During the same period in the prior year, the firm earned ($1.73) EPS. The company’s 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. 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 declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, March 4th. H&R Block’s payout ratio is currently 38.80%.

H&R Block Company 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.