Vanguard Group Inc. Has $708.21 Million Stock Position in H&R Block, Inc. (NYSE:HRB) (2024)

Vanguard Group Inc. cut its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,641,461 shares of the company's stock after selling 391,939 shares during the period. Vanguard Group Inc. owned approximately 10.49% of H&R Block worth $708,207,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. SageView Advisory Group LLC acquired a new stake in shares of H&R Block in the fourth quarter worth approximately $439,000. Richardson Financial Services Inc. acquired a new position in H&R Block during the fourth quarter valued at approximately $37,000. EP Wealth Advisors LLC acquired a new position in H&R Block during the fourth quarter valued at approximately $207,000. Optimist Retirement Group LLC acquired a new position in H&R Block during the fourth quarter valued at approximately $2,503,000. Finally, Point72 Europe London LLP acquired a new position in H&R Block during the fourth quarter valued at approximately $1,275,000. 90.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HRB. StockNews.com raised shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Thursday, March 7th. Barrington Research lifted their price target on shares of H&R Block from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, May 28th.

Get Our Latest Report on HRB

H&R Block Stock Performance

Shares of HRB stock traded up $0.17 on Friday, hitting $53.17. The stock had a trading volume of 2,429,495 shares, compared to its average volume of 916,688. The stock's 50 day moving average is $50.05 and its 200-day moving average is $48.34. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.99 and a beta of 0.69. H&R Block, Inc. has a 52-week low of $30.66 and a 52-week high of $54.21.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, beating analysts' consensus estimates of $4.66 by $0.28. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The business's revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $4.20 EPS. Equities analysts expect that H&R Block, Inc. will post 4.29 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Wednesday, June 5th. H&R Block's payout ratio is 29.29%.

H&R Block Company Profile

(Free Report)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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