H&R Block, Inc. $HRB Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 28.8% in the second quarter, HoldingsChannel reports. The fund owned 78,415 shares of the company’s stock after buying an additional 17,530 shares during the period. Nisa Investment Advisors LLC’s holdings in H&R Block were worth $4,338,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. boosted its position in H&R Block by 145.2% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 26,631 shares of the company’s stock worth $1,462,000 after acquiring an additional 15,769 shares during the period. Ethic Inc. boosted its position in H&R Block by 12.9% during the 2nd quarter. Ethic Inc. now owns 20,603 shares of the company’s stock worth $1,127,000 after acquiring an additional 2,354 shares during the period. Aurora Investment Counsel boosted its position in H&R Block by 1.1% during the 2nd quarter. Aurora Investment Counsel now owns 56,026 shares of the company’s stock worth $3,075,000 after acquiring an additional 630 shares during the period. Bogart Wealth LLC boosted its position in H&R Block by 30.0% during the 2nd 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. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in H&R Block during the 2nd quarter worth $2,130,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HRB shares. The Goldman Sachs Group cut their price objective on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 13th. Weiss Ratings lowered H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Barrington Research restated an “outperform” rating and issued a $62.00 price objective on shares of H&R Block in a report on Monday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.00.

H&R Block Stock Down 2.2%

Shares of H&R Block stock opened at $51.28 on Wednesday. The stock’s fifty day moving average is $50.99 and its 200-day moving average is $54.72. The firm has a market capitalization of $6.56 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 0.85 and a beta of 0.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.62.

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

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 4th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, September 4th. H&R Block’s payout ratio is presently 37.58%.

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.