Intrust Bank NA cut its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,679 shares of the financial services provider’s stock after selling 1,353 shares during the period. Intrust Bank NA’s holdings in HSBC Holdings PLC were worth $1,052,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in HSBC. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of HSBC Holdings PLC during the first quarter worth approximately $240,000. Profund Advisors LLC boosted its stake in shares of HSBC Holdings PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 48,752 shares of the financial services provider’s stock worth $1,990,000 after buying an additional 16,456 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of HSBC Holdings PLC during the first quarter worth approximately $5,417,000. Conning Inc. boosted its stake in shares of HSBC Holdings PLC by 30.4% in the first quarter. Conning Inc. now owns 6,750 shares of the financial services provider’s stock worth $276,000 after buying an additional 1,575 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in shares of HSBC Holdings PLC by 9.7% in the first quarter. Wetherby Asset Management Inc. now owns 47,537 shares of the financial services provider’s stock worth $1,940,000 after buying an additional 4,209 shares during the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.
Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 47.77 on Friday. The firm’s 50 day moving average is $48.47 and its 200 day moving average is $43.94. The firm has a market capitalization of $193.65 billion, a PE ratio of 97.49 and a beta of 0.89. HSBC Holdings PLC has a 1-year low of $35.84 and a 1-year high of $50.86.
HSBC Holdings PLC (NYSE:HSBC) last released its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, beating the 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 firm had revenue of $13.17 billion for the quarter. Analysts anticipate that HSBC Holdings PLC will post $2.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, August 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, August 2nd. HSBC Holdings PLC’s payout ratio is 400.01%.
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A number of equities research analysts recently commented on HSBC shares. Zacks Investment Research raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, May 11th. BidaskClub cut shares of HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Morgan Stanley raised shares of HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 28th. Finally, Berenberg Bank cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.67.
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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