Kingsview Wealth Management LLC Decreases Stake in H&R Block, Inc. $HRB

Kingsview Wealth Management LLC cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,431 shares of the company’s stock after selling 27,831 shares during the period. Kingsview Wealth Management LLC owned about 0.13% of H&R Block worth $7,209,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HRB. Boston Partners boosted its holdings in H&R Block by 20.2% in the third quarter. Boston Partners now owns 3,886,544 shares of the company’s stock valued at $196,542,000 after purchasing an additional 652,690 shares during the last quarter. Lazard Asset Management LLC increased its holdings in H&R Block by 0.8% during the 3rd quarter. Lazard Asset Management LLC now owns 3,213,177 shares of the company’s stock worth $162,490,000 after purchasing an additional 26,708 shares during the last quarter. Northern Trust Corp raised its position in shares of H&R Block by 10.9% in the 3rd quarter. Northern Trust Corp now owns 2,750,413 shares of the company’s stock valued at $139,088,000 after purchasing an additional 269,581 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of H&R Block by 60.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock valued at $130,961,000 after buying an additional 976,069 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of H&R Block by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,316,404 shares of the company’s stock valued at $117,141,000 after buying an additional 56,147 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Trading Down 0.9%

Shares of HRB opened at $38.33 on Friday. H&R Block, Inc. has a 52 week low of $28.16 and a 52 week high of $59.05. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.60 and a beta of 0.29. The stock has a 50 day moving average of $33.38 and a 200-day moving average of $36.94.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.77 by $0.25. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $5.38 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. H&R Block’s dividend payout ratio is 29.89%.

Analyst Upgrades and Downgrades

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

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.