Edgestream Partners L.P. Sells 171,999 Shares of H&R Block, Inc. $HRB

Edgestream Partners L.P. lessened its holdings in H&R Block, Inc. (NYSE:HRB) by 88.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,569 shares of the company’s stock after selling 171,999 shares during the period. Edgestream Partners L.P.’s holdings in H&R Block were worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in shares of H&R Block in the first quarter valued at about $26,000. Brooklyn Investment Group grew its stake in H&R Block by 72.1% in the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock valued at $28,000 after buying an additional 215 shares during the last quarter. Signaturefd LLC raised its holdings in H&R Block by 40.0% in the 2nd quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after acquiring an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in H&R Block by 100.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of H&R Block by 30.0% during the second quarter. Bogart Wealth LLC now owns 866 shares of the company’s stock worth $48,000 after acquiring an additional 200 shares during the period. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Up 0.1%

Shares of NYSE HRB opened at $42.12 on Friday. The stock has a market capitalization of $5.33 billion, a P/E ratio of 9.47, a PEG ratio of 0.68 and a beta of 0.31. The stock’s fifty day moving average is $48.03 and its 200 day moving average is $51.94. H&R Block, Inc. has a 52 week low of $41.38 and a 52 week high of $64.62. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.76 and a current ratio of 0.76.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.40) by $0.20. H&R Block had a net margin of 16.24% and a negative return on equity of 169.98%. The firm had revenue of $203.55 million for the quarter, compared to the consensus estimate of $200.13 million. During the same period in the prior year, the company posted ($1.17) earnings per share. The business’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 forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed 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 (DPR) is 37.75%.

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 176,449 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.46, for a total transaction of $8,197,820.54. Following the completion of the sale, the chief executive officer directly owned 906,313 shares in the company, valued at $42,107,301.98. This represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a report on Monday. The Goldman Sachs Group decreased 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. Finally, Barrington Research reaffirmed an “outperform” rating and set a $62.00 price target on shares of H&R Block in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.