American Assets Investment Management LLC increased its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 79,059 shares of the financial services provider’s stock after buying an additional 2,006 shares during the period. American Assets Investment Management LLC’s holdings in HSBC Holdings PLC were worth $3,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LS Investment Advisors LLC boosted its stake in shares of HSBC Holdings PLC by 2.6% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of HSBC Holdings PLC by 0.6% in the second quarter. Enterprise Financial Services Corp now owns 3,442 shares of the financial services provider’s stock valued at $160,000 after buying an additional 19 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of 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. Klingenstein Fields & Co. LLC acquired a new stake in shares of HSBC Holdings PLC during the second quarter valued at about $204,000. Finally, Abner Herrman & Brock LLC acquired a new stake in shares of HSBC Holdings PLC during the second quarter valued at about $210,000. 2.26% of the stock is owned by institutional investors and hedge funds.

Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 48.16 on Wednesday. The company has a 50-day moving average of $48.23 and a 200-day moving average of $43.68. The stock has a market capitalization of $195.24 billion, a price-to-earnings ratio of 98.29 and a beta of 0.89. HSBC Holdings PLC has a 52-week low of $35.34 and a 52-week high of $50.86.

HSBC Holdings PLC (NYSE:HSBC) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $13.17 billion for the quarter. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 2.08%. Equities research analysts anticipate that HSBC Holdings PLC will post $2.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, August 4th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $2.00 annualized dividend and a yield of 4.17%. HSBC Holdings PLC’s payout ratio is 400.01%.

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Several brokerages have recently issued reports on HSBC. BidaskClub cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday, August 2nd. Berenberg Bank cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Morgan Stanley upgraded shares of HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 28th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.67.

About HSBC Holdings PLC

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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Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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