AlphaStar Capital Management LLC Buys Shares of 3,945 H&R Block, Inc. $HRB

AlphaStar Capital Management LLC bought a new stake in H&R Block, Inc. (NYSE:HRB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,945 shares of the company’s stock, valued at approximately $217,000.

Several other large investors have also added to or reduced their stakes in the stock. Silver Coast Investments LLC boosted its stake in H&R Block by 5.4% in the 2nd quarter. Silver Coast Investments LLC now owns 6,428 shares of the company’s stock worth $353,000 after purchasing an additional 332 shares during the period. AdvisorShares Investments LLC bought a new position in H&R Block in the 2nd quarter worth about $439,000. Impact Partnership Wealth LLC boosted its stake in H&R Block by 86.9% in the 2nd quarter. Impact Partnership Wealth LLC now owns 8,175 shares of the company’s stock worth $449,000 after purchasing an additional 3,802 shares during the period. Amalgamated Bank boosted its stake in H&R Block by 1.2% in the 2nd quarter. Amalgamated Bank now owns 62,580 shares of the company’s stock worth $3,435,000 after purchasing an additional 755 shares during the period. Finally, Assetmark Inc. boosted its stake in H&R Block by 31.3% in the 2nd quarter. Assetmark Inc. now owns 1,071 shares of the company’s stock worth $59,000 after purchasing an additional 255 shares during the period. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

NYSE:HRB opened at $49.68 on Friday. The business has a 50 day moving average of $50.92 and a 200 day moving average of $54.51. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.82 and a beta of 0.31. H&R Block, Inc. has a 1-year low of $47.00 and a 1-year high of $64.62. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.54). H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. The business’s quarterly revenue 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. On average, sell-side 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 was paid on Monday, October 6th. Investors of record on Thursday, September 4th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.4%. The ex-dividend date was 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 is 37.58%.

Analysts Set New Price Targets

Several research analysts have commented on HRB shares. The Goldman Sachs Group cut their target price on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research note on Wednesday, August 13th. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings lowered H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Barrington Research restated an “outperform” rating and issued a $62.00 target price on shares of H&R Block in a research note on Monday, October 27th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, H&R Block presently has a consensus rating of “Hold” and a consensus price target of $55.00.

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.