H&R Block, Inc. $HRB Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its position in shares of H&R Block, Inc. (NYSE:HRB) by 64.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,350 shares of the company’s stock after selling 22,556 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in H&R Block were worth $625,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HRB. Geode Capital Management LLC boosted its stake in shares of H&R Block by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,849,655 shares of the company’s stock worth $156,439,000 after acquiring an additional 150,184 shares in the last quarter. Norges Bank acquired a new position in H&R Block in the 2nd quarter worth about $97,826,000. Qube Research & Technologies Ltd boosted its position in H&R Block by 21.8% during the second quarter. Qube Research & Technologies Ltd now owns 1,750,760 shares of the company’s stock worth $96,099,000 after purchasing an additional 312,776 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in H&R Block by 5.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,598,656 shares of the company’s stock valued at $87,750,000 after purchasing an additional 83,103 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of H&R Block by 24.6% during the 2nd quarter. Marshall Wace LLP now owns 1,091,626 shares of the company’s stock worth $59,919,000 after buying an additional 215,472 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Down 2.7%

Shares of HRB opened at $30.84 on Friday. H&R Block, Inc. has a 52-week low of $28.16 and a 52-week high of $64.62. The stock has a market cap of $3.91 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.51 and a beta of 0.36. The firm’s fifty day moving average is $39.71 and its two-hundred day moving average is $45.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 12.86.

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

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Wednesday, March 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, March 4th. H&R Block’s dividend payout ratio (DPR) is 38.80%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barrington Research dropped their price target on shares of H&R Block from $62.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group decreased their price objective 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. Finally, Weiss Ratings upgraded shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday. One research 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. Based on data from MarketBeat, H&R Block currently has an average rating of “Hold” and a consensus 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.