H&R Block, Inc. $HRB Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of H&R Block, Inc. (NYSE:HRB) by 6.8% during the first quarter, HoldingsChannel reports. The firm owned 1,516,885 shares of the company’s stock after buying an additional 96,928 shares during the period. Bank of New York Mellon Corp’s holdings in H&R Block were worth $48,146,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its stake in shares of H&R Block by 30.5% in the first quarter. Illinois Municipal Retirement Fund now owns 137,280 shares of the company’s stock valued at $4,357,000 after purchasing an additional 32,116 shares during the period. RWWM Inc. acquired a new position in shares of H&R Block in the first quarter worth about $11,438,000. Archer Investment Corp lifted its stake in shares of H&R Block by 1,937.5% in the first quarter. Archer Investment Corp now owns 16,300 shares of the company’s stock worth $517,000 after acquiring an additional 15,500 shares in the last quarter. State of Michigan Retirement System boosted its holdings in H&R Block by 2.0% in the first quarter. State of Michigan Retirement System now owns 30,468 shares of the company’s stock valued at $967,000 after purchasing an additional 600 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of H&R Block by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 283,449 shares of the company’s stock worth $8,997,000 after purchasing an additional 11,555 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Up 2.1%

Shares of HRB opened at $40.78 on Friday. The stock’s 50-day moving average price is $38.42 and its 200 day moving average price is $35.56. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.26, 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 $56.51.

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, beating analysts’ consensus estimates of $5.77 by $0.25. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Equities research 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 was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.1%. H&R Block’s dividend payout ratio is 29.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HRB. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Barrington Research restated an “outperform” rating and issued a $50.00 price target on shares of H&R Block in a research note on Monday, April 27th. Finally, Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.