Legal & General Group Plc Sells 60,901 Shares of H&R Block, Inc. $HRB

Legal & General Group Plc cut its holdings in H&R Block, Inc. (NYSE:HRB) by 23.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 202,168 shares of the company’s stock after selling 60,901 shares during the period. Legal & General Group Plc’s holdings in H&R Block were worth $8,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stratos Wealth Advisors LLC bought a new position in shares of H&R Block during the third quarter worth $2,244,000. Alps Advisors Inc. boosted its position in shares of H&R Block by 32.5% during the third quarter. Alps Advisors Inc. now owns 411,450 shares of the company’s stock worth $20,807,000 after purchasing an additional 101,025 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of H&R Block by 3,375.9% during the third quarter. Kingsview Wealth Management LLC now owns 193,262 shares of the company’s stock worth $9,773,000 after purchasing an additional 187,702 shares in the last quarter. Royce & Associates LP boosted its position in shares of H&R Block by 170.0% during the third quarter. Royce & Associates LP now owns 214,556 shares of the company’s stock worth $10,850,000 after purchasing an additional 135,100 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of H&R Block by 1,999.7% during the fourth quarter. Sound Income Strategies LLC now owns 106,077 shares of the company’s stock worth $4,461,000 after purchasing an additional 101,025 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Price Performance

H&R Block stock opened at $37.51 on Friday. The firm has a market capitalization of $4.76 billion, a PE ratio of 6.67, a P/E/G ratio of 0.59 and a beta of 0.35. The company’s 50-day moving average is $34.10 and its 200-day moving average is $36.67. H&R Block, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $58.38.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business earned $5.38 EPS. H&R Block’s revenue for the quarter 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. As a group, analysts expect that H&R Block, Inc. will post 5.18 EPS for the current year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 3rd will be paid a $0.42 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.5%. H&R Block’s dividend payout ratio is 29.89%.

Analyst Ratings Changes

HRB has been the topic of several research reports. Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H&R Block in a research report on Friday, May 29th. The Goldman Sachs Group cut 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 report on Friday, February 6th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.