First Trust Advisors LP Purchases 276,193 Shares of H&R Block, Inc. $HRB

First Trust Advisors LP increased its position in H&R Block, Inc. (NYSE:HRB) by 26.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,328,584 shares of the company’s stock after purchasing an additional 276,193 shares during the quarter. First Trust Advisors LP’s holdings in H&R Block were worth $42,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HRB. Fuller & Thaler Asset Management Inc. grew its position in shares of H&R Block by 4.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,516 shares of the company’s stock worth $186,763,000 after buying an additional 191,608 shares during the period. Boston Partners increased 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. AQR Capital Management LLC increased its holdings in H&R Block by 31.2% in the fourth quarter. AQR Capital Management LLC now owns 3,402,728 shares of the company’s stock valued at $146,998,000 after purchasing an additional 809,438 shares during the last quarter. Lazard Asset Management LLC lifted its stake in H&R Block by 0.8% in the third quarter. Lazard Asset Management LLC now owns 3,213,177 shares of the company’s stock valued at $162,490,000 after buying an additional 26,708 shares during the period. Finally, Northern Trust Corp lifted its stake in H&R Block by 10.9% in the third quarter. Northern Trust Corp now owns 2,750,413 shares of the company’s stock valued at $139,088,000 after buying an additional 269,581 shares during the period. 90.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HRB has been the subject of several analyst reports. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Barrington Research reissued an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a research note on Monday, April 27th. Finally, Zacks Research upgraded shares of H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Stock Performance

Shares of HRB opened at $42.32 on Tuesday. The stock has a 50 day simple moving average of $38.49 and a 200 day simple moving average of $35.49. H&R Block, Inc. has a 52-week low of $28.16 and a 52-week high of $55.95. The firm has a market capitalization of $5.36 billion, a PE ratio of 7.53, a P/E/G ratio of 0.58 and a beta of 0.36.

H&R Block (NYSE:HRB) last posted its earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.77 by $0.25. The business had revenue of $2.40 billion during 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%.H&R Block’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $5.38 EPS. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Equities research analysts predict that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 3rd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is presently 29.89%.

H&R Block Company 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.