California Public Employees Retirement System Cuts Stake in H&R Block, Inc. $HRB

California Public Employees Retirement System cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 432,911 shares of the company’s stock after selling 91,854 shares during the quarter. California Public Employees Retirement System owned 0.32% of H&R Block worth $23,762,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Neo Ivy Capital Management purchased a new position in H&R Block in the second quarter valued at $1,004,000. Allworth Financial LP increased its holdings in shares of H&R Block by 64.8% in the 2nd quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock valued at $273,000 after acquiring an additional 1,957 shares during the last quarter. Empowered Funds LLC raised its position in shares of H&R Block by 13.7% during the 1st quarter. Empowered Funds LLC now owns 227,934 shares of the company’s stock worth $12,516,000 after acquiring an additional 27,542 shares in the last quarter. Truist Financial Corp lifted its stake in H&R Block by 6.1% during the second quarter. Truist Financial Corp now owns 813,898 shares of the company’s stock worth $44,675,000 after purchasing an additional 46,529 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in H&R Block by 89.6% during the first quarter. Russell Investments Group Ltd. now owns 25,922 shares of the company’s stock worth $1,423,000 after purchasing an additional 12,253 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of H&R Block stock opened at $42.69 on Friday. The firm’s fifty day simple moving average is $47.31 and its 200-day simple moving average is $51.49. H&R Block, Inc. has a 12 month low of $41.17 and a 12 month high of $64.62. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.68 and a beta of 0.31. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.76 and a quick ratio of 0.76.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.20) earnings per share 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 during the quarter, compared to analysts’ expectations of $200.13 million. During the same quarter in the prior year, the business earned ($1.17) EPS. H&R Block’s quarterly revenue was up 5.0% 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, equities analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 4th. H&R Block’s dividend payout ratio (DPR) is presently 37.75%.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 128,818 shares of H&R Block stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $44.54, for a total value of $5,737,553.72. Following the transaction, the chief executive officer directly owned 861,313 shares in the company, valued at approximately $38,362,881.02. This trade represents a 13.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HRB. Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a report on Monday. Barrington Research reiterated an “outperform” rating and set a $62.00 price target on shares of H&R Block in a research note on Monday, October 27th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.