Sequoia Financial Advisors LLC Has $1.27 Million Holdings in H&R Block, Inc. $HRB

Sequoia Financial Advisors LLC lowered its stake in H&R Block, Inc. (NYSE:HRB) by 6.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,052 shares of the company’s stock after selling 1,502 shares during the period. Sequoia Financial Advisors LLC’s holdings in H&R Block were worth $1,265,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of H&R Block by 98.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company’s stock worth $5,667,000 after purchasing an additional 49,827 shares during the period. Truist Financial Corp increased its position in shares of H&R Block by 13.5% in the first quarter. Truist Financial Corp now owns 767,369 shares of the company’s stock worth $42,136,000 after purchasing an additional 91,075 shares during the period. Envestnet Asset Management Inc. increased its position in shares of H&R Block by 17.7% in the first quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company’s stock worth $38,639,000 after purchasing an additional 105,973 shares during the period. Asset Management One Co. Ltd. bought a new position in shares of H&R Block in the first quarter worth $1,317,000. Finally, Brown Advisory Inc. increased its position in shares of H&R Block by 1.6% in the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock worth $656,000 after purchasing an additional 191 shares during the period. Institutional investors own 90.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HRB shares. Weiss Ratings restated a “buy (b-)” rating on shares of H&R Block in a research report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $62.00 target price on shares of H&R Block in a report on Tuesday, September 23rd. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, 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 report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, H&R Block presently has a consensus rating of “Hold” and a consensus target price of $55.00.

H&R Block Trading Up 2.6%

Shares of H&R Block stock opened at $52.67 on Friday. The firm has a market capitalization of $6.73 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.83 and a beta of 0.31. 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 firm’s 50 day moving average is $50.86 and its 200 day moving average is $54.93. H&R Block, Inc. has a 1 year low of $47.00 and a 1 year high of $64.62.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Equities research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.2%. This is an increase from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, September 4th. H&R Block’s dividend payout ratio (DPR) is presently 37.58%.

H&R Block Company 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.