43,943 HSBC Holdings plc $HSBC Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its HSBC position by 35.1%, selling 43,943 shares and retaining 81,152 shares valued at approximately $7.8 million. Institutional investors and hedge funds collectively own 1.48% of HSBC.
• HSBC reported quarterly EPS of $2.25, slightly above estimates, while revenue of $19.04 billion also exceeded expectations. Analysts maintain a consensus “Hold” rating with a target price of $97.
• The bank recently paid a quarterly dividend of $0.50 per share, equivalent to a $2.00 annualized payout and a 2.1% yield.

TD Waterhouse Canada Inc. lessened its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 35.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,152 shares of the financial services provider's stock after selling 43,943 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in HSBC were worth $7,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Wealth Partners LLC grew its holdings in HSBC by 15.3% in the 3rd quarter. Legacy Wealth Partners LLC now owns 2,958 shares of the financial services provider's stock valued at $294,000 after buying an additional 393 shares during the last quarter. AdvisorNet Financial Inc increased its position in HSBC by 175.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,609 shares of the financial services provider's stock worth $339,000 after buying an additional 2,300 shares during the period. Mitchell & Pahl Private Wealth LLC increased its stake in HSBC by 1.2% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 22,987 shares of the financial services provider's stock valued at $2,283,000 after acquiring an additional 265 shares during the period. Signal Advisors Wealth LLC acquired a new position in HSBC in the 3rd quarter valued at approximately $1,325,000. Finally, Euro Pacific Asset Management LLC acquired a new position in HSBC in the 3rd quarter valued at approximately $435,000. Institutional investors and hedge funds own 1.48% of the company's stock.

HSBC News Summary

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Erste Group Bank raised its earnings estimates for HSBC Holdings plc (HSBC), providing a modest positive signal for the stock’s earnings outlook. FY2026 Earnings Forecast for HSBC Issued By Erste Group Bank
• Positive Sentiment: HSBC is targeting a top-five position in equity-capital-markets rankings across Asia and the Middle East, supporting its growth strategy in high-potential regions. HSBC Targets Top Five in ECM Rankings Across Asia, Middle East
• Positive Sentiment: The bank plans a second UAE wealth centre in Abu Dhabi, expanding its wealth-management footprint and regional client reach. HSBC Plans Second UAE Wealth Centre in Abu Dhabi
• Positive Sentiment: HSBC participated in Qatar Airways’ inaugural Japanese financing agreement, highlighting continued transaction activity in its international corporate-banking business. Qatar Airways Japanese Financing Agreement
• Positive Sentiment: Reports that artificial intelligence could automate parts of bond trading and lead to workforce reductions point to potential long-term efficiency and cost savings, though implementation risks remain. HSBC Warns AI Could Trade Bonds
• Neutral Sentiment: HSBC India committed ₹200 crore to financial-literacy programs. The initiative may strengthen its brand and future customer pipeline, but it is unlikely to materially affect near-term earnings. HSBC India Financial Literacy Programme
• Neutral Sentiment: An HSBC India app update reportedly hints at possible Apple Pay support, which could improve payment convenience and digital engagement, but no confirmed launch was provided. Apple Pay in India HSBC App Update
• Neutral Sentiment: Reports concerning Canara HSBC Life Insurance’s analyst meeting relate to an associated insurance company, not directly to HSBC Holdings plc’s listed shares. Canara HSBC Life Insurance Analyst Meeting
• Negative Sentiment: A £250 customer incentive and reduced customer costs could increase acquisition and retention expenses or pressure fee income in the near term, despite potential longer-term growth benefits. HSBC £250 Customer Offer

Analyst Ratings Changes

A number of brokerages have commented on HSBC. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of HSBC in a research report on Thursday, August 6th. Keefe, Bruyette & Woods cut HSBC from a "moderate buy" rating to a "hold" rating in a research report on Sunday, September 13th. Deutsche Bank Aktiengesellschaft restated a "neutral" rating on shares of HSBC in a research note on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research report on Monday, August 17th. Finally, Citigroup reiterated a "neutral" rating on shares of HSBC in a research note on Wednesday, September 23rd. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $97.00.

HSBC Stock Performance

NYSE:HSBC opened at $94.59 on Monday. HSBC Holdings plc has a 12-month low of $64.64 and a 12-month high of $107.92. The company has a quick ratio of 0.92, a current ratio of 0.85 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $324.28 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The firm has a 50-day moving average price of $101.24 and a 200 day moving average price of $96.66.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.01. HSBC had a net margin of 18.19% and a return on equity of 13.80%. The firm had revenue of $19.04 billion during the quarter, compared to analysts' expectations of $18.66 billion. Research analysts anticipate that HSBC Holdings plc will post 8.60 earnings per share for the current fiscal year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, August 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, August 14th. HSBC's dividend payout ratio (DPR) is 28.09%.

About HSBC

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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