Legal & General Group Plc Boosts Stock Position in HP Inc. $HPQ

Key Points

• Legal & General raised its stake in HP by 7.3% in Q3, buying 586,694 shares to hold 8,653,215 shares — roughly a 0.93% position valued at about $235.6 million.
• HP beat the quarter with $0.81 EPS (consensus $0.77) and $14.44 billion revenue (up 6.9% year-over-year) and set Q2 2026 guidance of $0.700–$0.760 per share.
• HP announced a quarterly dividend of $0.30 (a 6.3% yield) while institutional investors own 77.53% of the stock and the Street consensus remains a “Reduce” with an average target of $21.58.

Legal & General Group Plc increased its holdings in HP Inc. (NYSE:HPQ - Free Report) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,653,215 shares of the computer maker's stock after purchasing an additional 586,694 shares during the quarter. Legal & General Group Plc owned approximately 0.93% of HP worth $235,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Fieldview Capital Management LLC purchased a new stake in HP in the 3rd quarter worth approximately $4,752,000. Russell Investments Group Ltd. increased its stake in shares of HP by 24.5% during the third quarter. Russell Investments Group Ltd. now owns 716,091 shares of the computer maker's stock valued at $19,483,000 after buying an additional 140,730 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of HP during the third quarter valued at approximately $2,326,000. Natixis Advisors LLC raised its holdings in shares of HP by 27.4% during the third quarter. Natixis Advisors LLC now owns 1,281,893 shares of the computer maker's stock valued at $34,906,000 after acquiring an additional 275,339 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in HP in the third quarter worth $5,836,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Stock Up 2.7%

Shares of NYSE HPQ opened at $18.96 on Friday. The firm has a market cap of $17.34 billion, a P/E ratio of 7.18, a PEG ratio of 5.13 and a beta of 1.18. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.55. The company has a 50 day moving average of $19.61 and a 200 day moving average of $23.88.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same period last year, the business posted $0.74 EPS. The company's revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, March 11th. HP's dividend payout ratio (DPR) is presently 45.45%.

Insiders Place Their Bets

In other HP news, insider Ketan M. Patel sold 33,321 shares of the business's stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider owned 34,572 shares of the company's stock, valued at approximately $801,724.68. The trade was a 49.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

HPQ has been the topic of several recent analyst reports. Argus upgraded shares of HP to a "strong-buy" rating in a report on Tuesday, December 2nd. TD Cowen dropped their target price on shares of HP from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Wednesday, November 26th. Wells Fargo & Company cut their target price on shares of HP from $25.00 to $18.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 25th. Bank of America reiterated an "underperform" rating and set a $20.00 price target (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Finally, Zacks Research downgraded shares of HP from a "hold" rating to a "strong sell" rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $21.58.

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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