Cetera Investment Advisers Sells 19,977 Shares of H&R Block, Inc. $HRB

Cetera Investment Advisers reduced its position in H&R Block, Inc. (NYSE:HRB) by 38.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,555 shares of the company’s stock after selling 19,977 shares during the period. Cetera Investment Advisers’ holdings in H&R Block were worth $1,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HRB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of H&R Block by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,398 shares of the company’s stock valued at $1,888,000 after purchasing an additional 2,403 shares during the period. Police & Firemen s Retirement System of New Jersey grew its stake in H&R Block by 3.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 50,553 shares of the company’s stock valued at $2,775,000 after buying an additional 1,476 shares in the last quarter. Geode Capital Management LLC raised its holdings in H&R Block by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,849,655 shares of the company’s stock valued at $156,439,000 after acquiring an additional 150,184 shares during the period. Ibex Wealth Advisors lifted its position in shares of H&R Block by 3.3% during the second quarter. Ibex Wealth Advisors now owns 201,325 shares of the company’s stock worth $11,051,000 after acquiring an additional 6,437 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of H&R Block in the second quarter worth $229,000. Institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on HRB shares. Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a report on Tuesday, November 25th. 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 restated an “outperform” rating and issued a $62.00 price objective on shares of H&R Block in a research report on Monday, October 27th. Finally, The Goldman Sachs Group decreased 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 report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, H&R Block currently has an average rating of “Hold” and a consensus target price of $55.00.

H&R Block Stock Up 1.0%

Shares of NYSE HRB opened at $42.12 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86. The business has a 50-day moving average of $48.78 and a 200-day moving average of $52.40. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.82 and a beta of 0.32. H&R Block, Inc. has a 12 month low of $41.38 and a 12 month high of $64.62.

H&R Block (NYSE:HRB) last announced its earnings results on Thursday, November 6th. The company reported ($1.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $0.20. H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $203.55 million during the quarter, compared to analyst estimates of $200.13 million. During the same period in the previous year, the business posted ($1.17) earnings per share. H&R Block’s revenue for the quarter was up 5.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Thursday, December 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, December 4th. H&R Block’s dividend payout ratio is currently 37.75%.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 128,818 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $44.54, for a total transaction of $5,737,553.72. Following the sale, the chief executive officer owned 861,313 shares in the company, valued at $38,362,881.02. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

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.