Handelsbanken Fonder AB Acquires 15,700 Shares of H&R Block, Inc. $HRB

Handelsbanken Fonder AB increased its holdings in H&R Block, Inc. (NYSE:HRB) by 46.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 49,300 shares of the company’s stock after buying an additional 15,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in H&R Block were worth $2,148,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Boston Partners increased its holdings in H&R Block by 20.2% in the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after buying an additional 652,690 shares in the last quarter. Lazard Asset Management LLC increased its holdings in H&R Block by 0.8% in the 3rd quarter. Lazard Asset Management LLC now owns 3,213,177 shares of the company’s stock worth $162,490,000 after buying an additional 26,708 shares in the last quarter. Northern Trust Corp increased its holdings in H&R Block by 10.9% in the 3rd quarter. Northern Trust Corp now owns 2,750,413 shares of the company’s stock worth $139,088,000 after buying an additional 269,581 shares in the last quarter. AQR Capital Management LLC increased its holdings in 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 worth $130,961,000 after buying an additional 976,069 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in H&R Block by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,316,404 shares of the company’s stock worth $117,141,000 after buying an additional 56,147 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

H&R Block Trading Up 0.1%

NYSE HRB opened at $38.94 on Monday. The stock’s 50 day moving average is $32.73 and its 200 day moving average is $37.27. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $59.05. The stock has a market cap of $4.94 billion, a PE ratio of 6.93, a P/E/G ratio of 0.60 and a beta of 0.29.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.77 by $0.25. The business had revenue of $2.40 billion for 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 for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.38 EPS. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, analysts forecast that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.68 annualized dividend and a dividend yield of 4.3%. H&R Block’s payout ratio is currently 29.89%.

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.