Jump Financial LLC Invests $6.36 Million in HP Inc. $HPQ

Key Points

• Jump Financial LLC has invested approximately $6.36 million in HP Inc., acquiring 229,653 shares of the company in the first quarter.
• HP has recently faced several analyst downgrades, with target prices being reduced by firms such as Wells Fargo and Bank of America, while Wall Street Zen upgraded the stock from "hold" to "buy."
• The company announced a quarterly dividend of $0.2894 per share, with a payment date set for October 1st, yielding an annualized dividend of 4.2%.

Jump Financial LLC bought a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 229,653 shares of the computer maker's stock, valued at approximately $6,359,000.

A number of other institutional investors also recently modified their holdings of HPQ. West Paces Advisors Inc. increased its stake in shares of HP by 3.2% during the fourth quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock valued at $314,000 after purchasing an additional 298 shares in the last quarter. Beverly Hills Private Wealth LLC increased its stake in shares of HP by 0.8% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 45,729 shares of the computer maker's stock valued at $1,492,000 after purchasing an additional 384 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock valued at $561,000 after purchasing an additional 411 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of HP by 3.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 11,383 shares of the computer maker's stock valued at $371,000 after purchasing an additional 428 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock valued at $102,000 after purchasing an additional 433 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of HP stock traded up $0.19 on Friday, hitting $28.54. 8,455,793 shares of the company's stock were exchanged, compared to its average volume of 8,335,820. The company has a 50-day simple moving average of $25.68 and a 200-day simple moving average of $26.85. The stock has a market capitalization of $26.81 billion, a PE ratio of 10.42, a PEG ratio of 2.19 and a beta of 1.29. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 244.76%. The company had revenue of $13.93 billion for the quarter, compared to analysts' expectations of $13.69 billion. During the same quarter in the previous year, the company earned $0.83 EPS. HP's revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, September 10th. HP's payout ratio is currently 44.79%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen decreased their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Citigroup reduced their price target on shares of HP from $29.00 to $27.50 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Barclays reduced their price target on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Dbs Bank downgraded shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $29.96.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.