45,544 Shares in HSBC Holdings plc (NYSE:HSBC) Acquired by TrueMark Investments LLC

TrueMark Investments LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 45,544 shares of the financial services provider's stock, valued at approximately $2,616,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in HSBC by 8.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,735 shares of the financial services provider's stock worth $674,000 after purchasing an additional 959 shares during the last quarter. EWA LLC purchased a new position in shares of HSBC during the 1st quarter worth $202,000. Garde Capital Inc. purchased a new position in shares of HSBC during the 1st quarter worth $43,000. Janney Capital Management LLC raised its holdings in shares of HSBC by 23.6% during the 1st quarter. Janney Capital Management LLC now owns 232,499 shares of the financial services provider's stock worth $13,352,000 after acquiring an additional 44,348 shares during the period. Finally, Seed Wealth Management Inc. purchased a new position in shares of HSBC during the 1st quarter worth $208,000. Institutional investors and hedge funds own 1.48% of the company's stock.

Analysts Set New Price Targets

HSBC has been the topic of several analyst reports. UBS Group reiterated a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Bank of America reiterated a "neutral" rating and set a $63.00 price target on shares of HSBC in a report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $63.00.

HSBC Stock Down 1.3%

Shares of HSBC opened at $58.41 on Monday. The firm has a market cap of $205.38 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 1.84 and a beta of 0.58. HSBC Holdings plc has a 12-month low of $39.42 and a 12-month high of $61.88. The company's 50-day moving average price is $57.52 and its 200 day moving average price is $54.50. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51.

HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.35. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. HSBC had a net margin of 14.55% and a return on equity of 12.55%. On average, sell-side analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 12th were given a $0.495 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 9th. HSBC's dividend payout ratio is currently 36.33%.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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