12,412 Shares of HSBC Holdings plc $HSBC Acquired by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer & Co. Ltd Zurich opened a new HSBC position, acquiring 12,412 shares valued at approximately $1.23 million in the third quarter.
• HSBC’s quarterly results fell short of analyst expectations: EPS was $2.10 versus $2.20 expected, and revenue was $18.68 billion versus $18.98 billion forecast.
• Analysts have a consensus Hold rating and a $97 target price. HSBC also declared a $0.50 quarterly dividend, equivalent to a 2.2% yield.

Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,412 shares of the financial services provider's stock, valued at approximately $1,233,000.

Several other large investors have also recently modified their holdings of the stock. Profund Advisors LLC raised its stake in shares of HSBC by 12.1% in the third quarter. Profund Advisors LLC now owns 15,890 shares of the financial services provider's stock valued at $1,578,000 after acquiring an additional 1,709 shares during the period. Vise Technologies Inc. boosted its stake in shares of HSBC by 17.0% during the 3rd quarter. Vise Technologies Inc. now owns 75,509 shares of the financial services provider's stock worth $7,499,000 after purchasing an additional 10,958 shares during the period. Summit Global Investments boosted its stake in shares of HSBC by 4.2% during the 3rd quarter. Summit Global Investments now owns 7,629 shares of the financial services provider's stock worth $758,000 after purchasing an additional 306 shares during the period. MGO One Seven LLC grew its holdings in HSBC by 1.8% during the 3rd quarter. MGO One Seven LLC now owns 32,373 shares of the financial services provider's stock valued at $3,215,000 after purchasing an additional 568 shares during the last quarter. Finally, Americana Partners LLC grew its holdings in HSBC by 0.5% during the 3rd quarter. Americana Partners LLC now owns 75,677 shares of the financial services provider's stock valued at $7,515,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 1.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of HSBC from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Citigroup reaffirmed a "neutral" rating on shares of HSBC in a research note on Wednesday, October 28th. Shore Capital Group downgraded HSBC to a "sell" rating in a report on Wednesday, August 5th. Royal Bank Of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, HSBC currently has a consensus rating of "Hold" and a consensus target price of $97.00.

Key Headlines Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Buybacks continue: HSBC reported repurchasing shares under its ongoing program, including a further US$65.9 million in purchases. The company also has an authorization for up to US$1 billion in buybacks; repurchases can support shareholder returns and reduce the share count. HSBC Repurchases Shares in Ongoing US$65.9 Million Buyback
• Positive Sentiment: Oversold-stock call: A recent market commentary identified HSBC among financial stocks with an RSI below 30, framing it as a potential bargain. This may attract dip-buyers, though it is not a change in the company’s fundamentals. Top 3 Financial Stocks That Are Preparing To Pump In November
• Neutral Sentiment: Debt-management activity: HSBC set the redemption price for US$1.277 billion of notes and separately issued US$4.25 billion in senior unsecured notes. The announcements indicate active funding and liability management, but the reports do not specify a material effect on earnings. HSBC Sets Redemption Price for US$1.277 Billion Notes
• Neutral Sentiment: Development-finance initiative: HSBC and JPMorgan are offering to help development banks obtain capital relief, which could create advisory or financing opportunities, but no near-term revenue impact was specified. HSBC, JPMorgan Offer to Help Development Banks Get Capital Relief
• Negative Sentiment: Quarterly results fell short of estimates: HSBC reported third-quarter revenue growth of 5% year over year, but EPS of $2.10 and revenue of $18.68 billion were below consensus estimates of $2.20 and $18.98 billion, respectively. The shortfall may temper optimism around the buyback. HSBC Holdings: 3 Key Takeaways for Long-Term Investors

HSBC Trading Up 5.8%

Shares of NYSE HSBC opened at $89.42 on Thursday. HSBC Holdings plc has a twelve month low of $67.56 and a twelve month high of $107.92. The firm has a market cap of $306.57 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.93 and a beta of 0.56. The business has a fifty day simple moving average of $97.40 and a two-hundred day simple moving average of $93.40. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.53.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.10). HSBC had a return on equity of 14.33% and a net margin of 19.59%. The firm had revenue of $18.68 billion for the quarter, compared to the consensus estimate of $18.98 billion. Analysts expect that HSBC Holdings plc will post 8.41 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, November 6th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 6th. HSBC's dividend payout ratio is presently 25.71%.

HSBC Company Profile

HSBC Holdings plc is a global banking and financial services company headquartered in London. Its principal subsidiary, The Hongkong and Shanghai Banking Corporation, was established in 1865 to facilitate trade between Europe and Asia. HSBC's shares trade on the New York Stock Exchange in the form of American depositary receipts under the symbol HSBC.

The company provides personal and wealth banking, commercial banking, corporate and institutional banking, investment banking, global markets, and asset management services.

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