XTX Topco Ltd Decreases Holdings in HSBC Holdings plc $HSBC

XTX Topco Ltd trimmed its position in HSBC Holdings plc (NYSE:HSBC) by 85.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,456 shares of the financial services provider’s stock after selling 76,829 shares during the period. XTX Topco Ltd’s holdings in HSBC were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in HSBC by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,726,420 shares of the financial services provider’s stock valued at $271,438,000 after buying an additional 53,072 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of HSBC during the first quarter valued at about $391,000. Acadian Asset Management LLC raised its position in shares of HSBC by 254.2% in the 1st quarter. Acadian Asset Management LLC now owns 23,718 shares of the financial services provider’s stock valued at $1,362,000 after purchasing an additional 17,021 shares during the last quarter. Atlas Capital Advisors Inc. boosted its stake in HSBC by 501.3% in the 1st quarter. Atlas Capital Advisors Inc. now owns 12,032 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 10,031 shares in the last quarter. Finally, ABC Arbitrage SA grew its position in HSBC by 237.0% during the 2nd quarter. ABC Arbitrage SA now owns 170,779 shares of the financial services provider’s stock worth $10,382,000 after purchasing an additional 120,110 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $71.42 on Tuesday. HSBC Holdings plc has a 52-week low of $45.66 and a 52-week high of $74.17. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a market cap of $245.33 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.64. The business has a 50-day simple moving average of $69.60 and a 200-day simple moving average of $65.16.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.15. HSBC had a return on equity of 12.78% and a net margin of 12.85%.The company had revenue of $17.90 billion during the quarter, compared to analysts’ expectations of $16.78 billion. On average, equities analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, November 7th. HSBC’s payout ratio is currently 41.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HSBC. Erste Group Bank upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HSBC in a research report on Tuesday, November 25th. BNP Paribas Exane raised HSBC from an “underperform” rating to an “outperform” rating in a report on Friday, September 5th. Zacks Research upgraded HSBC from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, BNP Paribas upgraded HSBC from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, HSBC has an average rating of “Moderate Buy” and a consensus target price of $63.00.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.