36,800 Shares in H&R Block, Inc. $HRB Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the first quarter, Holdings Channel.com reports. The fund acquired 36,800 shares of the company’s stock, valued at approximately $1,168,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in H&R Block in the 4th quarter worth approximately $69,441,000. AQR Capital Management LLC grew its holdings in shares of H&R Block by 60.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock valued at $130,961,000 after acquiring an additional 976,069 shares in the last quarter. Ranmore Fund Management Ltd purchased a new position in shares of H&R Block during the 4th quarter valued at $41,314,000. Boston Partners increased its stake in shares of H&R Block by 20.2% in the third quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after acquiring an additional 652,690 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of H&R Block by 268.1% in the fourth quarter. Millennium Management LLC now owns 839,268 shares of the company’s stock worth $36,575,000 after acquiring an additional 611,265 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HRB shares. Barrington Research reissued an “outperform” rating and set a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. Zacks Research raised H&R Block from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Stock Down 0.1%

HRB stock opened at $40.01 on Friday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 0.57 and a beta of 0.36. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $57.55. The firm has a 50 day moving average of $36.33 and a two-hundred day moving average of $35.88.

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

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. H&R Block’s dividend payout ratio is presently 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.