Northwestern Mutual Wealth Management Co. Grows Stock Position in H&R Block, Inc. $HRB

Northwestern Mutual Wealth Management Co. raised its stake in shares of H&R Block, Inc. (NYSE:HRB) by 71,048.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 597,651 shares of the company’s stock after buying an additional 596,811 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.47% of H&R Block worth $26,046,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HRB. Stratos Wealth Advisors LLC purchased a new position in shares of H&R Block in the 3rd quarter valued at about $2,244,000. Alps Advisors Inc. increased its stake in shares of H&R Block by 32.5% in the 3rd quarter. Alps Advisors Inc. now owns 411,450 shares of the company’s stock valued at $20,807,000 after purchasing an additional 101,025 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of H&R Block by 3,375.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 193,262 shares of the company’s stock valued at $9,773,000 after purchasing an additional 187,702 shares in the last quarter. Royce & Associates LP increased its stake in shares of H&R Block by 170.0% in the 3rd quarter. Royce & Associates LP now owns 214,556 shares of the company’s stock valued at $10,850,000 after purchasing an additional 135,100 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of H&R Block by 1,999.7% in the 4th quarter. Sound Income Strategies LLC now owns 106,077 shares of the company’s stock valued at $4,461,000 after purchasing an additional 101,025 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

HRB opened at $38.89 on Wednesday. The company’s 50 day simple moving average is $32.23 and its two-hundred day simple moving average is $37.50. H&R Block, Inc. has a 1-year low of $28.16 and a 1-year high of $59.05. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 0.60 and a beta of 0.29.

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

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is 29.89%.

Analyst Ratings Changes

Several equities analysts recently weighed in on HRB shares. Weiss Ratings upgraded H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group cut their price target on H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a research note on Friday, February 6th. Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

About H&R Block

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.