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Virtu Financial LLC Has $978,000 Stake in HP Inc. (NYSE:HPQ)

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Key Points

  • Virtu Financial LLC increased its stake in HP Inc. by 120.8% during the first quarter, owning 35,312 shares worth $978,000.
  • HP recently reported quarterly earnings of $0.71 EPS, which was below analysts' expectations of $0.80 EPS, while revenues rose 3.3% year-over-year.
  • The company announced a quarterly dividend of $0.2894 per share, with a dividend yield of 4.5% and a payout ratio of 44.79%.
  • Need better tools to track HP? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Virtu Financial LLC boosted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 120.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,312 shares of the computer maker's stock after acquiring an additional 19,316 shares during the quarter. Virtu Financial LLC's holdings in HP were worth $978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Invesco Ltd. grew its stake in HP by 19.2% during the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock valued at $314,022,000 after acquiring an additional 1,829,411 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in HP during the 1st quarter valued at about $6,175,000. Frank Rimerman Advisors LLC grew its stake in HP by 4.7% during the 1st quarter. Frank Rimerman Advisors LLC now owns 16,323 shares of the computer maker's stock valued at $452,000 after acquiring an additional 726 shares in the last quarter. Donoghue Forlines LLC grew its stake in HP by 13.1% during the 1st quarter. Donoghue Forlines LLC now owns 51,108 shares of the computer maker's stock valued at $1,415,000 after acquiring an additional 5,902 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in HP during the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Price Performance

Shares of HPQ stock traded down $0.21 during trading hours on Friday, hitting $26.72. 3,501,015 shares of the company's stock were exchanged, compared to its average volume of 8,249,574. The stock's 50-day moving average is $25.17 and its 200-day moving average is $27.22. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer maker reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. HP had a negative return on equity of 244.99% and a net margin of 4.64%. HP's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. Equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a yield of 4.3%. HP's dividend payout ratio is presently 44.79%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Bank of America decreased their target price on HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Barclays set a $28.00 target price on HP and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. UBS Group decreased their target price on HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, Evercore ISI decreased their target price on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $29.54.

Read Our Latest Analysis on HPQ

HP Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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