Intech Investment Management LLC Sells 69,300 Shares of H&R Block, Inc. $HRB

Intech Investment Management LLC lowered its position in H&R Block, Inc. (NYSE:HRB) by 38.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,109 shares of the company’s stock after selling 69,300 shares during the quarter. Intech Investment Management LLC’s holdings in H&R Block were worth $6,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC bought a new position in H&R Block in the first quarter worth approximately $26,000. Brooklyn Investment Group grew its stake in H&R Block by 72.1% in the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after purchasing an additional 215 shares in the last quarter. Bogart Wealth LLC grew its stake in H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd grew its stake in H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock worth $75,000 after purchasing an additional 243 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in H&R Block by 129.2% in the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company’s stock worth $83,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

Shares of HRB opened at $52.16 on Friday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.81 and a beta of 0.26. H&R Block, Inc. has a twelve month low of $47.00 and a twelve month high of $64.90. 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 50 day moving average of $53.36 and a two-hundred day moving average of $55.38.

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

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, September 4th. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. H&R Block’s dividend payout ratio (DPR) is currently 37.58%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HRB. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group reduced their target price on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 13th. Finally, Barrington Research lowered their target price on shares of H&R Block from $70.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.00.

H&R Block 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.