Greenleaf Trust Has $631,000 Position in HSBC Holdings PLC (NYSE:HSBC)

Greenleaf Trust boosted its position in HSBC Holdings PLC (NYSE:HSBC) by 26.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,595 shares of the financial services provider’s stock after buying an additional 2,877 shares during the period. Greenleaf Trust’s holdings in HSBC Holdings PLC were worth $631,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. SOL Capital Management CO boosted its stake in shares of HSBC Holdings PLC by 0.6% in the second quarter. SOL Capital Management CO now owns 7,393 shares of the financial services provider’s stock valued at $343,000 after buying an additional 46 shares during the period. LS Investment Advisors LLC raised its position in 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. Capital One National Association raised its stake in shares of HSBC Holdings PLC by 1.4% in the second quarter. Capital One National Association now owns 5,192 shares of the financial services provider’s stock valued at $241,000 after buying an additional 71 shares during the period. Geneva Advisors LLC raised its stake in shares of HSBC Holdings PLC by 0.7% in the first quarter. Geneva Advisors LLC now owns 22,595 shares of the financial services provider’s stock valued at $922,000 after buying an additional 165 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in HSBC Holdings PLC by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,579 shares of the financial services provider’s stock valued at $432,000 after buying an additional 213 shares in the last quarter. 2.26% of the stock is currently owned by institutional investors and hedge funds.

HSBC Holdings PLC (HSBC) traded up 1.015% during trading on Monday, hitting $48.255. The stock had a trading volume of 755,119 shares. The firm has a market cap of $195.62 billion, a price-to-earnings ratio of 98.480 and a beta of 0.89. The firm’s 50 day moving average is $47.98 and its 200 day moving average is $43.59. HSBC Holdings PLC has a 1-year low of $35.14 and a 1-year high of $50.86.

HSBC Holdings PLC (NYSE:HSBC) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The firm had revenue of $13.17 billion for the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. On average, analysts anticipate that HSBC Holdings PLC will post $2.95 earnings per share for the current 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 of this dividend is Wednesday, August 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 4.19%. HSBC Holdings PLC’s payout ratio is 400.01%.

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HSBC has been the subject of several research reports. Zacks Investment Research raised HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, May 31st. BidaskClub downgraded HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. 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 research note on Wednesday, July 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. HSBC Holdings PLC currently has a consensus rating of “Hold” and a consensus target price of $36.67.

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.