Alps Advisors Inc. Purchases 101,025 Shares of H&R Block, Inc. $HRB

Alps Advisors Inc. boosted its position in H&R Block, Inc. (NYSE:HRB) by 32.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 411,450 shares of the company’s stock after acquiring an additional 101,025 shares during the quarter. Alps Advisors Inc. owned 0.32% of H&R Block worth $20,807,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HRB. Alpine Bank Wealth Management bought a new position in shares of H&R Block in the 3rd quarter valued at $26,000. Operose Advisors LLC bought a new stake in shares of H&R Block during the 2nd quarter worth $27,000. Quent Capital LLC acquired a new stake in H&R Block in the third quarter valued at about $27,000. Mather Group LLC. bought a new position in H&R Block in the third quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake 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 in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 128,818 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 861,313 shares in the company, valued at approximately $38,362,881.02. The trade was a 13.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HRB shares. Barrington Research reduced their price target on shares of H&R Block from $62.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday. The Goldman Sachs Group set a $32.00 price objective on shares of H&R Block in a research note on Friday. Finally, Weiss Ratings cut shares of H&R Block from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $41.00.

H&R Block Stock Down 2.3%

NYSE:HRB opened at $32.93 on Monday. The firm’s 50 day simple moving average is $41.71 and its 200 day simple moving average is $47.29. The company has a debt-to-equity ratio of 12.86, a current ratio of 1.29 and a quick ratio of 1.29. H&R Block, Inc. has a one year low of $32.71 and a one year high of $64.62. The company has a market cap of $4.17 billion, a PE ratio of 7.61, a P/E/G ratio of 0.53 and a beta of 0.36.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.84) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.96) by $0.12. The firm had revenue of $198.87 million during the quarter, compared to analysts’ expectations of $187.36 million. H&R Block had a net margin of 16.19% and a negative return on equity of 176.02%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.73) EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.68 annualized dividend and a yield of 5.1%. H&R Block’s payout ratio is presently 38.80%.

H&R Block Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.