Morningstar Investment Management LLC Reduces Stock Holdings in H&R Block, Inc. $HRB

Morningstar Investment Management LLC cut its position in shares of H&R Block, Inc. (NYSE:HRB) by 83.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,692 shares of the company’s stock after selling 86,886 shares during the period. Morningstar Investment Management LLC’s holdings in H&R Block were worth $727,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HRB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in H&R Block by 85.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock worth $119,000 after buying an additional 1,009 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in H&R Block by 3.6% during the first quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock worth $627,000 after buying an additional 400 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in H&R Block by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock worth $46,593,000 after buying an additional 112,127 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in H&R Block by 100.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after buying an additional 357 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in H&R Block by 119.2% during the second quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock worth $50,000 after buying an additional 497 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Up 0.1%

HRB opened at $38.94 on Tuesday. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 0.60 and a beta of 0.29. H&R Block, Inc. has a 52-week low of $28.16 and a 52-week high of $59.05. The firm’s fifty day simple moving average is $32.91 and its two-hundred day simple moving average is $37.19.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.77 by $0.25. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate 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 revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, research analysts forecast that H&R Block, Inc. will post 5.18 EPS for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors 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 dividend yield of 4.3%. The ex-dividend date is Wednesday, June 3rd. H&R Block’s payout ratio is presently 29.89%.

Analysts Set New Price Targets

HRB has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a report on Friday, February 6th. Weiss Ratings raised shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of H&R Block in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, H&R Block presently has a consensus rating of “Moderate Buy” and an average 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.