Farther Finance Advisors LLC Sells 255 Shares of H&R Block, Inc. $HRB

Farther Finance Advisors LLC reduced its stake in H&R Block, Inc. (NYSE:HRB) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,288 shares of the company’s stock after selling 255 shares during the quarter. Farther Finance Advisors LLC’s holdings in H&R Block were worth $894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in H&R Block in the 1st quarter valued at $26,000. Brooklyn Investment Group raised its position in H&R Block by 72.1% in the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock valued at $28,000 after buying an additional 215 shares during the last quarter. Bogart Wealth LLC raised its position in H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. Covestor Ltd increased its position in shares of H&R Block by 21.8% during the 1st quarter. Covestor Ltd now owns 1,356 shares of the company’s stock valued at $75,000 after purchasing an additional 243 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of H&R Block by 133.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,409 shares of the company’s stock valued at $77,000 after purchasing an additional 805 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group decreased their target price on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research report on Wednesday, August 13th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $62.00 target price on shares of H&R Block in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.00.

H&R Block Stock Down 0.6%

Shares of NYSE HRB opened at $49.52 on Thursday. H&R Block, Inc. has a 52 week low of $47.00 and a 52 week high of $64.62. The business has a 50-day simple moving average of $52.39 and a two-hundred day simple moving average of $55.18. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a market cap of $6.63 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.81 and a beta of 0.26.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. H&R Block’s payout ratio is 37.58%.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.