RWWM Inc. Buys New Position in H&R Block, Inc. $HRB

RWWM Inc. bought a new stake in H&R Block, Inc. (NYSE:HRB) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 360,354 shares of the company’s stock, valued at approximately $11,438,000. H&R Block makes up about 0.8% of RWWM Inc.’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of H&R Block by 85.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock valued at $119,000 after buying an additional 1,009 shares during the last quarter. Jones Financial Companies Lllp boosted its position in H&R Block by 3.6% during the first quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock worth $627,000 after acquiring an additional 400 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in H&R Block by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock worth $46,593,000 after acquiring an additional 112,127 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in H&R Block by 100.8% in 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. Finally, EverSource Wealth Advisors LLC grew its stake in H&R Block by 119.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock worth $50,000 after acquiring an additional 497 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HRB has been the subject of several analyst reports. Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Price Performance

Shares of HRB stock opened at $41.02 on Wednesday. The firm has a market cap of $5.20 billion, a P/E ratio of 7.30, a PEG ratio of 0.58 and a beta of 0.36. H&R Block, Inc. has a 1-year low of $28.16 and a 1-year high of $56.76. The firm’s 50-day simple moving average is $37.56 and its 200-day simple moving average is $35.65.

H&R Block (NYSE:HRB) last released its earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.77 by $0.25. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company earned $5.38 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Analysts expect that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is 29.89%.

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.