Kentucky Retirement Systems Makes New $655,000 Investment in H&R Block, Inc. $HRB

Kentucky Retirement Systems bought a new position in shares of H&R Block, Inc. (NYSE:HRB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,561 shares of the company’s stock, valued at approximately $655,000.

A number of other hedge funds have also modified their holdings of HRB. Los Angeles Capital Management LLC acquired a new stake in shares of H&R Block in the fourth quarter valued at about $28,000. Valley National Advisers Inc. acquired a new position in H&R Block during the fourth quarter worth about $34,000. Spire Wealth Management grew its stake in H&R Block by 61.1% during the 4th quarter. Spire Wealth Management now owns 836 shares of the company’s stock valued at $36,000 after acquiring an additional 317 shares in the last quarter. Signaturefd LLC grew its stake in H&R Block by 82.1% during the 4th quarter. Signaturefd LLC now owns 843 shares of the company’s stock valued at $37,000 after acquiring an additional 380 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in H&R Block by 100.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock valued at $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.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stephens began coverage on shares of H&R Block in a research note on Tuesday. They issued an “equal weight” rating and a $47.00 target price on the stock. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Barrington Research restated an “outperform” rating and issued a $50.00 price target on shares of H&R Block in a research report on Monday, April 27th. Finally, Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One investment 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 data from MarketBeat.com, H&R Block has a consensus rating of “Hold” and an average price target of $43.00.

H&R Block Stock Down 0.5%

NYSE:HRB opened at $44.05 on Friday. H&R Block, Inc. has a 52 week low of $28.16 and a 52 week high of $55.95. The stock’s fifty day moving average is $38.99 and its two-hundred day moving average is $35.57. The company has a market capitalization of $5.58 billion, a P/E ratio of 7.84, a P/E/G ratio of 0.63 and a beta of 0.36.

H&R Block (NYSE:HRB) last released its quarterly 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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.34 billion. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $5.38 EPS. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Sell-side analysts anticipate that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.

H&R Block Announces Dividend

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

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.