Compound Planning Inc. Purchases 16,082 Shares of HSBC Holdings plc $HSBC

Key Points

• Compound Planning Inc. has increased its stake in HSBC Holdings plc by 39.6%, now holding a total of 56,674 shares valued at approximately $3.3 million.
• HSBC reported stellar quarterly earnings of $1.95 per share, exceeding estimates by $0.33, and had revenue of $16.90 billion, surpassing analysts' forecasts.
• The company will pay a dividend of $0.495 per share on September 26th, with an impressive yield of 308.0% based on the ex-dividend date of August 15th.

Compound Planning Inc. increased its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 39.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,674 shares of the financial services provider's stock after purchasing an additional 16,082 shares during the period. Compound Planning Inc.'s holdings in HSBC were worth $3,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC increased its holdings in shares of HSBC by 342.9% during the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 456 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in HSBC during the 1st quarter worth $30,000. Garde Capital Inc. acquired a new stake in HSBC during the 1st quarter worth $43,000. Elequin Capital LP boosted its position in shares of HSBC by 282.2% during the 1st quarter. Elequin Capital LP now owns 772 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 570 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in HSBC by 51.0% in the first quarter. Bessemer Group Inc. now owns 864 shares of the financial services provider's stock valued at $50,000 after buying an additional 292 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Price Performance

Shares of NYSE HSBC opened at $65.2220 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.93. The stock has a fifty day moving average price of $62.25 and a 200 day moving average price of $58.38. HSBC Holdings plc has a 1-year low of $42.38 and a 1-year high of $65.77. The company has a market cap of $227.72 billion, a PE ratio of 12.92, a P/E/G ratio of 1.46 and a beta of 0.60.

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.33. The firm had revenue of $16.90 billion during the quarter, compared to analysts' expectations of $16.64 billion. HSBC had a return on equity of 12.73% and a net margin of 13.48%. Sell-side analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 26th. Investors of record on Monday, August 18th will be given a dividend of $0.495 per share. This represents a yield of 308.0%. The ex-dividend date is Friday, August 15th. HSBC's dividend payout ratio (DPR) is currently 39.21%.

Wall Street Analysts Forecast Growth

Separately, Bank of America reiterated a "neutral" rating and set a $63.00 price target on shares of HSBC in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $63.00.

HSBC Profile

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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