Comerica Bank lowered its position in HSBC Holdings PLC (NYSE:HSBC) by 4.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 232,847 shares of the financial services provider’s stock after selling 11,213 shares during the period. Comerica Bank’s holdings in HSBC Holdings PLC were worth $11,227,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the company. 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 worth $108,000 after buying an additional 59 shares during the period. Enterprise Financial Services Corp raised 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 worth $160,000 after buying an additional 19 shares in the last quarter. Toronto Dominion Bank raised 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 worth $160,000 after buying an additional 400 shares in the last quarter. Klingenstein Fields & Co. LLC bought a new stake in shares of HSBC Holdings PLC during the second quarter worth approximately $204,000. Finally, Abner Herrman & Brock LLC bought a new stake in shares of HSBC Holdings PLC during the second quarter worth approximately $210,000. Institutional investors and hedge funds own 2.26% of the company’s stock.
Shares of HSBC Holdings PLC (NYSE HSBC) opened at 47.21 on Friday. The company has a 50 day moving average of $48.41 and a 200-day moving average of $43.73. The firm has a market capitalization of $191.38 billion, a P/E ratio of 96.35 and a beta of 0.89. HSBC Holdings PLC has a 12 month low of $35.35 and a 12 month high of $50.86.
HSBC Holdings PLC (NYSE:HSBC) last announced its earnings results on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter. Analysts predict that HSBC Holdings PLC will post $2.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, August 4th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, August 2nd. HSBC Holdings PLC’s payout ratio is presently 400.01%.
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A number of equities research analysts have commented on HSBC shares. BidaskClub raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, June 28th. Finally, Berenberg Bank lowered shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. HSBC Holdings PLC presently has an average 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.
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