Sound Income Strategies LLC Buys 153,844 Shares of H&R Block, Inc. $HRB

Sound Income Strategies LLC boosted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 145.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,921 shares of the company’s stock after purchasing an additional 153,844 shares during the quarter. Sound Income Strategies LLC owned 0.21% of H&R Block worth $8,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Abound Wealth Management raised its position in shares of H&R Block by 208.0% during the fourth quarter. Abound Wealth Management now owns 616 shares of the company’s stock valued at $27,000 after buying an additional 416 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in H&R Block during the fourth quarter worth about $28,000. Elevation Wealth Partners LLC acquired a new stake in H&R Block during the fourth quarter worth about $33,000. Valley National Advisers Inc. bought a new position in H&R Block during the fourth quarter valued at about $34,000. Finally, Spire Wealth Management increased its stake in H&R Block by 61.1% during the fourth quarter. Spire Wealth Management now owns 836 shares of the company’s stock valued at $36,000 after acquiring an additional 317 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Performance

Shares of H&R Block stock opened at $40.01 on Friday. The firm has a market cap of $5.07 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.56 and a beta of 0.36. The firm’s 50-day simple moving average is $36.16 and its 200-day simple moving average is $35.85. H&R Block, Inc. has a twelve month low of $28.16 and a twelve month high of $57.55.

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, topping the consensus estimate of $5.77 by $0.25. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.34 billion. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, equities analysts forecast that H&R Block, Inc. will post 5.18 earnings per share 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 issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. H&R Block’s dividend payout ratio is presently 29.89%.

Wall Street Analyst Weigh In

HRB has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. Weiss Ratings restated a “hold (c-)” rating on shares of H&R Block in a research report on Friday, May 29th. Finally, Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.