Norges Bank Takes Position in H&R Block, Inc. $HRB

Norges Bank bought a new stake in H&R Block, Inc. (NYSE:HRB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,593,419 shares of the company’s stock, valued at approximately $69,441,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. raised its position in shares of H&R Block by 1.3% in the 3rd quarter. Xponance Inc. now owns 17,403 shares of the company’s stock valued at $880,000 after buying an additional 223 shares in the last quarter. US Bancorp DE raised its position in shares of H&R Block by 2.1% in the 3rd quarter. US Bancorp DE now owns 12,601 shares of the company’s stock valued at $637,000 after buying an additional 261 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of H&R Block by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,171 shares of the company’s stock valued at $2,335,000 after buying an additional 286 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of H&R Block by 134.4% in the 3rd quarter. Clearstead Advisors LLC now owns 511 shares of the company’s stock valued at $26,000 after buying an additional 293 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of H&R Block by 1.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,496 shares of the company’s stock valued at $980,000 after buying an additional 309 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Price Performance

HRB stock opened at $38.00 on Friday. The company has a 50 day simple moving average of $34.25 and a 200 day simple moving average of $36.68. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 0.59 and a beta of 0.35. H&R Block, Inc. has a 1 year low of $28.16 and a 1 year high of $58.38.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.77 by $0.25. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $5.38 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, equities research analysts anticipate that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. H&R Block’s payout ratio is presently 29.89%.

Analyst Ratings Changes

Several brokerages have recently commented on HRB. Weiss Ratings restated a “hold (c-)” rating on shares of H&R Block in a research report on Friday, May 29th. Zacks Research upgraded shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, H&R Block presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

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.