Amundi Sells 441 Shares of H&R Block, Inc. $HRB

Amundi reduced its position in shares of H&R Block, Inc. (NYSE:HRB) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,799 shares of the company’s stock after selling 441 shares during the period. Amundi owned about 0.06% of H&R Block worth $4,937,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Maverick Capital Ltd. acquired a new stake in shares of H&R Block during the 1st quarter worth approximately $2,046,000. Royal Bank of Canada lifted its position in shares of H&R Block by 0.9% in the first quarter. Royal Bank of Canada now owns 1,244,858 shares of the company’s stock worth $68,356,000 after purchasing an additional 10,671 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of H&R Block in the first quarter worth $6,968,000. Landscape Capital Management L.L.C. bought a new stake in H&R Block during the first quarter worth $6,501,000. Finally, OMERS ADMINISTRATION Corp raised its position in H&R Block by 20.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 32,036 shares of the company’s stock worth $1,759,000 after acquiring an additional 5,436 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HRB has been the topic of several research reports. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Barrington Research reduced 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. Finally, The Goldman Sachs Group reduced their price target 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. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, H&R Block has an average rating of “Hold” and an average price target of $55.00.

H&R Block Price Performance

HRB opened at $50.25 on Thursday. The firm’s fifty day moving average price is $53.43 and its two-hundred day moving average price is $55.39. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.83 and a beta of 0.26. H&R Block, Inc. has a 1 year low of $47.00 and a 1 year high of $64.90.

H&R Block (NYSE:HRB) last released its quarterly earnings data 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 business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations 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. As a group, 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 declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.3%. This is a boost from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, September 4th. H&R Block’s payout ratio is 37.58%.

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.