LS Investment Advisors LLC boosted its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 2,338 shares of the financial services provider’s stock after buying an additional 59 shares during the period. LS Investment Advisors LLC’s holdings in HSBC Holdings PLC were worth $108,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in HSBC. Quantitative Systematic Strategies LLC purchased a new stake in shares of HSBC Holdings PLC during the first quarter valued at approximately $394,000. Toronto Dominion Bank increased 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. Massachusetts Financial Services Co. MA increased its stake in shares of 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. Sit Investment Associates Inc. increased its stake in shares of HSBC Holdings PLC by 46.8% in the first quarter. Sit Investment Associates Inc. now owns 74,765 shares of the financial services provider’s stock valued at $3,052,000 after buying an additional 23,825 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of HSBC Holdings PLC during the first quarter valued at approximately $265,000. Institutional investors own 2.33% of the company’s stock.

HSBC Holdings PLC (NYSE:HSBC) traded down 0.87% during mid-day trading on Friday, reaching $47.77. 1,403,634 shares of the company were exchanged. HSBC Holdings PLC has a one year low of $35.24 and a one year high of $50.86. The stock has a 50-day moving average price of $47.98 and a 200 day moving average price of $43.59. The company has a market capitalization of $193.65 billion, a PE ratio of 97.49 and a beta of 0.89.

HSBC Holdings PLC (NYSE:HSBC) last issued its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $13.17 billion during the quarter. Analysts predict that HSBC Holdings PLC will post $2.95 EPS for the current year.

The firm also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Wednesday, August 2nd. HSBC Holdings PLC’s dividend payout ratio (DPR) is 400.01%.

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HSBC has been the subject of several analyst reports. Zacks Investment Research upgraded shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Wednesday, August 2nd. BidaskClub upgraded shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Berenberg Bank downgraded shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a 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 report on Wednesday, June 28th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently 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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