GAMMA Investing LLC Buys 652 Shares of H&R Block, Inc. $HRB

GAMMA Investing LLC lifted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 43.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,160 shares of the company’s stock after purchasing an additional 652 shares during the period. GAMMA Investing LLC’s holdings in H&R Block were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HRB. NBC Securities Inc. raised its stake in shares of H&R Block by 107,926.7% during the 1st quarter. NBC Securities Inc. now owns 16,204 shares of the company’s stock worth $889,000 after purchasing an additional 16,189 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of H&R Block by 3.4% during the 1st quarter. Chesley Taft & Associates LLC now owns 9,658 shares of the company’s stock worth $530,000 after acquiring an additional 317 shares during the last quarter. Vest Financial LLC acquired a new position in shares of H&R Block during the 1st quarter worth approximately $1,531,000. Affinity Wealth Management LLC increased its holdings in shares of H&R Block by 19.3% during the 1st quarter. Affinity Wealth Management LLC now owns 12,337 shares of the company’s stock worth $677,000 after acquiring an additional 1,999 shares during the last quarter. Finally, Next Level Private LLC acquired a new position in shares of H&R Block during the 1st quarter worth approximately $209,000. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

HRB opened at $50.56 on Wednesday. The firm has a market cap of $6.47 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.82 and a beta of 0.26. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average is $51.94 and its 200-day moving average is $55.15.

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

H&R Block Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HRB shares. The Goldman Sachs Group decreased their target price on H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a report on Wednesday, August 13th. Barrington Research reissued an “outperform” rating and set a $62.00 target price on shares of H&R Block in a report on Tuesday, September 23rd. Finally, Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a report 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.00.

About H&R Block

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.