NewEdge Wealth LLC Reduces Position in H&R Block, Inc. $HRB

NewEdge Wealth LLC trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 843,376 shares of the company’s stock after selling 110,822 shares during the period. NewEdge Wealth LLC’s holdings in H&R Block were worth $42,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Alpine Bank Wealth Management bought a new stake in H&R Block during the third quarter valued at about $26,000. Operose Advisors LLC purchased a new position in shares of H&R Block during the 2nd quarter valued at about $27,000. Quent Capital LLC bought a new position in shares of H&R Block during the 3rd quarter valued at approximately $27,000. Mather Group LLC. bought a new position in shares of H&R Block during the 3rd quarter valued at approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in H&R Block by 100.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Price Performance

Shares of H&R Block stock opened at $31.66 on Thursday. The stock has a 50 day moving average price of $39.95 and a 200-day moving average price of $45.99. H&R Block, Inc. has a one year low of $28.16 and a one year high of $64.62. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth ratio of 0.49 and a beta of 0.36. The company has a debt-to-equity ratio of 12.86, a quick ratio of 1.29 and a current ratio of 1.29.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported ($1.84) EPS for the quarter, topping the consensus estimate of ($1.96) by $0.12. The company had revenue of $198.87 million during the quarter, compared to analyst estimates of $187.36 million. H&R Block had a net margin of 16.19% and a negative return on equity of 176.02%. H&R Block’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.73) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Equities analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Wednesday, March 4th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, March 4th. H&R Block’s dividend payout ratio is 38.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HRB shares. Barrington Research dropped their price target on shares of H&R Block from $62.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings upgraded shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, The Goldman Sachs Group reduced their target price on H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, H&R Block has a consensus rating of “Hold” and an average price target of $41.00.

H&R Block Profile

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.