H&R Block, Inc. $HRB Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its holdings in H&R Block, Inc. (NYSE:HRB) by 50.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,761,094 shares of the company’s stock after purchasing an additional 1,269,064 shares during the period. Lazard Asset Management LLC’s holdings in H&R Block were worth $119,377,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HRB. Van Diest Capital LLC purchased a new position in shares of H&R Block during the 1st quarter worth approximately $238,000. TCM Advisors LLC grew its holdings in H&R Block by 60.0% during the 1st quarter. TCM Advisors LLC now owns 14,400 shares of the company’s stock valued at $457,000 after buying an additional 5,400 shares during the last quarter. Caxton Associates LLP purchased a new position in H&R Block during the first quarter worth $2,115,000. Inceptionr LLC acquired a new position in shares of H&R Block in the first quarter worth $257,000. Finally, Sei Investments Co. boosted its stake in shares of H&R Block by 25.2% during the first quarter. Sei Investments Co. now owns 532,705 shares of the company’s stock valued at $16,908,000 after acquiring an additional 107,143 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

H&R Block Price Performance

NYSE HRB opened at $40.78 on Monday. H&R Block, Inc. has a 1-year low of $28.16 and a 1-year high of $56.51. The firm has a market capitalization of $5.17 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.58 and a beta of 0.36. The business’s 50-day simple moving average is $38.42 and its 200-day simple moving average is $35.50.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $6.02 EPS for the quarter, beating 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm posted $5.38 earnings per share. H&R Block’s revenue for the quarter was up 5.3% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, equities research analysts expect that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd were paid 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 of this dividend was Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is currently 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.