Deutsche Bank AG Has $2.62 Million Position in H&R Block, Inc. $HRB

Deutsche Bank AG grew its stake in shares of H&R Block, Inc. (NYSE:HRB) by 7.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 47,675 shares of the company’s stock after buying an additional 3,280 shares during the period. Deutsche Bank AG’s holdings in H&R Block were worth $2,618,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of H&R Block by 98.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company’s stock valued at $5,667,000 after buying an additional 49,827 shares during the last quarter. Truist Financial Corp increased its stake in H&R Block by 13.5% in the first quarter. Truist Financial Corp now owns 767,369 shares of the company’s stock valued at $42,136,000 after acquiring an additional 91,075 shares during the period. Envestnet Asset Management Inc. increased its stake in H&R Block by 17.7% in the first quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company’s stock valued at $38,639,000 after acquiring an additional 105,973 shares during the period. Asset Management One Co. Ltd. bought a new stake in H&R Block in the first quarter valued at about $1,317,000. Finally, Brown Advisory Inc. increased its stake in H&R Block by 1.6% in the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock valued at $656,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analyst Ratings Changes

HRB has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Zacks Research cut shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Northcoast Research cut shares of H&R Block from a “buy” rating to a “neutral” rating in a research note on Friday, May 2nd. Finally, Barrington Research decreased their price objective on shares of H&R Block from $70.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $55.00.

H&R Block Price Performance

HRB opened at $51.2240 on Wednesday. H&R Block, Inc. has a one year low of $47.00 and a one year high of $66.85. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.78. The company’s 50 day simple moving average is $54.75 and its 200-day simple moving average is $55.63. The stock has a market capitalization of $6.86 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.82 and a beta of 0.24.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.89 earnings per share. H&R Block’s revenue for the quarter was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be issued a $0.42 dividend. This is an increase from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, September 4th. H&R Block’s dividend payout ratio (DPR) is currently 33.56%.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.