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H&R Block, Inc. (NYSE:HRB) Gains, 3,413 Shares by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in H&R Block, Inc. (NYSE: HRB) by 14.6% in the first quarter, as per its latest filing with the SEC. The fund acquired an additional 3,413 shares, bringing its total to 26,849 shares, valued at $1,319,000 at the end of the quarter.




Through its subsidiaries, H&R Block, Inc. offers assisted income tax return preparation and DIY tax return preparation services and products, mainly in the United States, Canada, and Australia. The company provides these services via a network of retail offices, which are either directly operated by H&R Block or by its franchisees.


Institutional investors and hedge funds have been making adjustments to their positions in H&R Block. In the fourth quarter, Exchange Traded Concepts LLC increased its stake in H&R Block by 91.9%, now holding 518 shares valued at $25,000 after adding 248 shares. In the first quarter, Mather Group LLC acquired a new position in H&R Block worth about $28,000. Richardson Financial Services Inc. bought a new stake in the fourth quarter valued at around $37,000. Assetmark Inc. also purchased a new position in the fourth quarter, valued at approximately $43,000. Daiwa Securities Group Inc. followed suit, acquiring a new stake in the fourth quarter valued at about $48,000. Currently, institutional investors and hedge funds own 90.14% of the stock.

Recently, H&R Block declared a quarterly dividend of $0.32, which was distributed on Wednesday, July 3rd. Investors who held the stock as of Wednesday, June 5th received the dividend, with June 5th also being the ex-dividend date. Annually, this amounts to a $1.28 dividend, yielding 2.34%. Currently, H&R Block has a payout ratio of 29.29%.

In a report on Tuesday, May 28th, Barrington Research raised their target price for H&R Block shares from $55.00 to $60.00 and awarded the stock an "outperform" rating.

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