Dimensional Fund Advisors LP Has $73.25 Million Holdings in H&R Block, Inc. $HRB

Dimensional Fund Advisors LP cut its position in H&R Block, Inc. (NYSE:HRB) by 8.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,307,766 shares of the company’s stock after selling 212,116 shares during the period. Dimensional Fund Advisors LP’s holdings in H&R Block were worth $73,248,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HRB. Norges Bank bought a new stake in H&R Block during the fourth quarter worth $69,441,000. AQR Capital Management LLC grew its position in shares of H&R Block by 60.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock valued at $130,961,000 after acquiring an additional 976,069 shares during the period. Ranmore Fund Management Ltd bought a new position in shares of H&R Block in the 4th quarter valued at about $41,314,000. Boston Partners increased its stake in shares of H&R Block by 20.2% during the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after purchasing an additional 652,690 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of H&R Block by 268.1% during the 4th quarter. Millennium Management LLC now owns 839,268 shares of the company’s stock worth $36,575,000 after purchasing an additional 611,265 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRB has been the topic of a number of research analyst reports. Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Stephens assumed coverage on H&R Block in a research report on Tuesday. They set an “equal weight” rating and a $47.00 price target on the stock. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Barrington Research restated an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.00.

H&R Block Trading Down 0.5%

H&R Block stock opened at $44.05 on Friday. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $55.95. The stock’s 50 day moving average is $38.99 and its 200-day moving average is $35.57. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.63 and a beta of 0.36.

H&R Block (NYSE:HRB) last announced its earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.77 by $0.25. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. As a group, equities research analysts predict that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.68 annualized dividend and a yield of 3.8%. H&R Block’s dividend payout ratio (DPR) is presently 29.89%.

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.