Jefferies Financial Group Inc. Invests $1.96 Million in HP Inc. $HPQ

Key Points

• Jefferies Financial Group bought a new stake in HP Inc. during the fourth quarter, purchasing 87,833 shares worth about $1.96 million.
• HP recently reported earnings that beat estimates on both revenue and profit, with management citing stronger demand from AI PCs and the Windows 11 upgrade cycle.
• Despite the beat, HP cut its full-year profit outlook to $2.15-$2.45 per share from $2.47-$2.77, even as it continues paying a quarterly dividend of $0.30 per share for a 4.7% yield.

Jefferies Financial Group Inc. purchased a new position in HP Inc. (NYSE:HPQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,833 shares of the computer maker's stock, valued at approximately $1,957,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker's stock valued at $2,943,063,000 after purchasing an additional 2,435,634 shares in the last quarter. State Street Corp grew its holdings in HP by 5.3% during the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker's stock worth $1,450,245,000 after acquiring an additional 2,651,623 shares in the last quarter. DNB Asset Management AS grew its holdings in HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock worth $236,048,000 after acquiring an additional 7,498,202 shares in the last quarter. AQR Capital Management LLC increased its holdings in HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker's stock valued at $244,527,000 after buying an additional 5,325,260 shares during the period. Finally, Legal & General Group Plc increased its holdings in HP by 7.3% during the third quarter. Legal & General Group Plc now owns 8,653,215 shares of the computer maker's stock valued at $235,627,000 after buying an additional 586,694 shares during the period. 77.53% of the stock is currently owned by institutional investors.

HP Stock Performance

HP stock opened at $25.55 on Thursday. The business's 50-day simple moving average is $20.29 and its two-hundred day simple moving average is $21.11. The company has a market cap of $23.37 billion, a PE ratio of 9.68, a PEG ratio of 6.75 and a beta of 1.09. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business had revenue of $14.41 billion during the quarter, compared to analysts' expectations of $13.99 billion. During the same period in the previous year, the business posted $0.71 EPS. The business's quarterly revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, analysts predict that HP Inc. will post 2.85 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. HP's dividend payout ratio (DPR) is presently 45.45%.

HP News Summary

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat second-quarter estimates on both revenue and profit, which is supporting the stock. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said AI PC demand and the Windows 11 upgrade cycle boosted sales, suggesting underlying demand is improving. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: HP also raised/updated full-year and Q3 EPS guidance modestly versus consensus, which helps offset some of the uncertainty around the outlook. HP (HPQ) Reports Q2 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Despite the beat, HP cut its full-year profit outlook to $2.15-$2.45 per share from a prior $2.47-$2.77 range, signaling margin or cost pressure ahead. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue

Analysts Set New Price Targets

A number of equities analysts recently commented on HPQ shares. Bank of America reissued an "underperform" rating and issued a $20.00 price objective (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of HP in a research note on Monday, May 4th. Evercore set a $22.00 target price on shares of HP in a research note on Thursday, February 19th. Finally, Citigroup lowered their target price on shares of HP from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $21.67.

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.

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