Geode Capital Management LLC boosted its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 34.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 147,142 shares of the financial services provider’s stock after buying an additional 37,877 shares during the period. Geode Capital Management LLC’s holdings in HSBC Holdings PLC were worth $6,006,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its position in HSBC Holdings PLC by 39.3% in the first quarter. Raymond James Trust N.A. now owns 8,976 shares of the financial services provider’s stock valued at $367,000 after buying an additional 2,531 shares during the last quarter. Gradient Investments LLC boosted its position in HSBC Holdings PLC by 3,252.7% in the first quarter. Gradient Investments LLC now owns 6,303 shares of the financial services provider’s stock valued at $257,000 after buying an additional 6,115 shares during the last quarter. Capstone Asset Management Co. boosted its position in HSBC Holdings PLC by 4.3% in the first quarter. Capstone Asset Management Co. now owns 353,371 shares of the financial services provider’s stock valued at $14,425,000 after buying an additional 14,600 shares during the last quarter. Atria Investments LLC boosted its position in shares of HSBC Holdings PLC by 7.3% in the first quarter. Atria Investments LLC now owns 17,059 shares of the financial services provider’s stock worth $696,000 after buying an additional 1,157 shares in the last quarter. Finally, Telemus Capital LLC boosted its position in shares of HSBC Holdings PLC by 24.9% in the first quarter. Telemus Capital LLC now owns 12,610 shares of the financial services provider’s stock worth $515,000 after buying an additional 2,511 shares in the last quarter. 2.33% of the stock is currently owned by hedge funds and other institutional investors.

HSBC Holdings PLC (NYSE:HSBC) opened at 48.71 on Thursday. HSBC Holdings PLC has a one year low of $35.12 and a one year high of $50.86. The company has a 50-day moving average price of $47.72 and a 200-day moving average price of $43.51. The company has a market capitalization of $197.47 billion, a PE ratio of 99.41 and a beta of 0.89.

HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $13.17 billion during the quarter. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 2.08%. Analysts expect that HSBC Holdings PLC will post $2.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, August 4th will be given a $0.50 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.02%. HSBC Holdings PLC’s dividend payout ratio (DPR) is currently 400.01%.

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A number of equities analysts recently commented on HSBC shares. Zacks Investment Research cut HSBC Holdings PLC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub raised HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Morgan Stanley raised HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a report on Wednesday, June 28th. Finally, Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. HSBC Holdings PLC currently has an average rating of “Buy” and an average price target of $36.62.

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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