Airain ltd Decreases Position in HSBC Holdings PLC (HSBC)
Airain ltd reduced its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 39.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,721 shares of the financial services provider’s stock after selling 22,538 shares during the period. Airain ltd’s holdings in HSBC Holdings PLC were worth $1,611,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its position in HSBC Holdings PLC by 11.4% in the first quarter. Toronto Dominion Bank now owns 3,919 shares of the financial services provider’s stock valued at $160,000 after buying an additional 400 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in HSBC Holdings PLC by 9.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 131,437 shares of the financial services provider’s stock valued at $5,365,000 after buying an additional 10,841 shares in the last quarter. Greenleaf Trust increased its position in HSBC Holdings PLC by 26.8% in the second quarter. Greenleaf Trust now owns 13,595 shares of the financial services provider’s stock valued at $631,000 after buying an additional 2,877 shares in the last quarter. American Assets Investment Management LLC increased its position in HSBC Holdings PLC by 2.6% in the second quarter. American Assets Investment Management LLC now owns 79,059 shares of the financial services provider’s stock valued at $3,668,000 after buying an additional 2,006 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in HSBC Holdings PLC during the first quarter valued at $265,000. 2.23% of the stock is owned by institutional investors.
Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 48.40 on Friday. HSBC Holdings PLC has a 1-year low of $35.69 and a 1-year high of $50.86. The stock has a market cap of $196.21 billion, a PE ratio of 98.78 and a beta of 0.89. The company’s 50-day moving average price is $48.53 and its 200 day moving average price is $44.09.
HSBC Holdings PLC (NYSE:HSBC) last released its earnings results on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. The company had revenue of $13.17 billion for the quarter. Equities analysts forecast that HSBC Holdings PLC will post $2.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, August 4th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, August 2nd. HSBC Holdings PLC’s dividend payout ratio (DPR) is 400.01%.
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Several equities analysts have recently issued reports on HSBC shares. Zacks Investment Research upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, August 2nd. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Morgan Stanley upgraded HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 28th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.67.
HSBC Holdings PLC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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