Cygnus Capital Advisors LLC Invests $1.85 Million in H&R Block, Inc. $HRB

Cygnus Capital Advisors LLC bought a new stake in H&R Block, Inc. (NYSE:HRB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 48,664 shares of the company’s stock, valued at approximately $1,853,000. H&R Block makes up about 1.3% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 27th biggest holding.

Other large investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC raised its holdings in H&R Block by 34.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock valued at $40,000 after acquiring an additional 267 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of H&R Block by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,171 shares of the company’s stock worth $2,335,000 after purchasing an additional 286 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of H&R Block by 1.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,496 shares of the company’s stock worth $980,000 after purchasing an additional 309 shares during the last quarter. Vise Technologies Inc. grew its position in shares of H&R Block by 7.4% in the third quarter. Vise Technologies Inc. now owns 4,486 shares of the company’s stock valued at $227,000 after purchasing an additional 311 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of H&R Block by 54.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on HRB. Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. The Goldman Sachs Group lifted their price target on H&R Block from $29.00 to $33.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Stephens initiated coverage on shares of H&R Block in a research report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target on the stock. Finally, Barrington Research upped their price objective on shares of H&R Block from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. One investment 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, the company currently has a consensus rating of “Hold” and an average target price of $46.67.

H&R Block Price Performance

NYSE:HRB opened at $48.93 on Tuesday. H&R Block, Inc. has a 52 week low of $28.16 and a 52 week high of $58.67. The stock’s fifty day moving average is $45.93 and its two-hundred day moving average is $37.96. The company has a market capitalization of $6.20 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.64 and a beta of 0.36. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 12.69.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%.The company’s revenue was up 255.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Equities analysts expect that H&R Block, Inc. will post 6.11 EPS for the current year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.8%. This is a boost from H&R Block’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, September 3rd. H&R Block’s payout ratio is 32.17%.

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.