Envestnet Asset Management Inc. Lowers Position in H&R Block, Inc. $HRB

Envestnet Asset Management Inc. decreased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 91.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,120 shares of the company’s stock after selling 562,706 shares during the quarter. Envestnet Asset Management Inc.’s holdings in H&R Block were worth $2,686,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HRB. Hantz Financial Services Inc. raised its position in shares of H&R Block by 445.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,347 shares of the company’s stock valued at $68,000 after buying an additional 1,100 shares in the last quarter. AGF Management Ltd. raised its position in H&R Block by 22.2% during the third quarter. AGF Management Ltd. now owns 65,115 shares of the company’s stock valued at $3,293,000 after purchasing an additional 11,851 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of H&R Block by 8.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 14,802 shares of the company’s stock worth $745,000 after purchasing an additional 1,178 shares in the last quarter. AlphaQuest LLC bought a new position in shares of H&R Block during the 3rd quarter valued at about $308,000. Finally, Arizona State Retirement System raised its holdings in shares of H&R Block by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 39,616 shares of the company’s stock valued at $2,003,000 after buying an additional 553 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Performance

NYSE:HRB opened at $31.45 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a twelve month low of $28.16 and a twelve month high of $64.62. The stock has a market cap of $3.99 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 0.49 and a beta of 0.36. The firm’s fifty day simple moving average is $38.39 and its 200 day simple moving average is $45.03.

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. H&R Block had a net margin of 16.19% and a negative return on equity of 176.02%. The company had revenue of $198.87 million for the quarter, compared to analysts’ expectations of $187.36 million. During the same quarter in the previous year, the company earned ($1.73) earnings per share. H&R Block’s quarterly revenue was up 11.1% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Wednesday, March 4th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.68 annualized dividend and a dividend yield of 5.3%. H&R Block’s payout ratio is currently 38.80%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings raised H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Barrington Research lowered their price objective on H&R Block from $62.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group dropped their price target on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a research report on Friday, February 6th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.00.

H&R Block Company 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.