Geneos Wealth Management Inc. Boosts Stake in H&R Block, Inc. $HRB

Geneos Wealth Management Inc. boosted its holdings in H&R Block, Inc. (NYSE:HRB) by 20.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,706 shares of the company’s stock after purchasing an additional 293 shares during the period. Geneos Wealth Management Inc.’s holdings in H&R Block were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in H&R Block by 98.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company’s stock valued at $5,667,000 after acquiring an additional 49,827 shares during the last quarter. Truist Financial Corp lifted its position in shares of H&R Block by 13.5% in the 1st quarter. Truist Financial Corp now owns 767,369 shares of the company’s stock worth $42,136,000 after buying an additional 91,075 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 worth $38,639,000 after acquiring an additional 105,973 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in H&R Block in the first quarter valued at $1,317,000. Finally, Brown Advisory Inc. lifted its position in H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock valued at $656,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Up 2.2%

HRB stock opened at $51.31 on Thursday. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.90. The company has a 50-day moving average of $52.97 and a two-hundred day moving average of $55.29. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.81 and a beta of 0.26.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.89 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be paid a $0.42 dividend. The ex-dividend date is Thursday, September 4th. This is a boost from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 3.3%. H&R Block’s dividend payout ratio is 37.58%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HRB. The Goldman Sachs Group cut their price objective 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. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Barrington Research cut their target price 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 investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block 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.