Crossmark Global Holdings Inc. trimmed its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 494,624 shares of the financial services provider's stock after selling 20,018 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in HSBC were worth $28,406,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in HSBC. Orion Portfolio Solutions LLC raised its position in HSBC by 23.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock valued at $2,074,000 after purchasing an additional 7,908 shares during the period. National Bank of Canada FI raised its position in HSBC by 739.7% during the fourth quarter. National Bank of Canada FI now owns 15,577 shares of the financial services provider's stock valued at $770,000 after purchasing an additional 13,722 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in HSBC during the fourth quarter valued at approximately $3,998,000. Charles Schwab Investment Management Inc. raised its position in HSBC by 21.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,135 shares of the financial services provider's stock valued at $12,916,000 after purchasing an additional 45,387 shares during the period. Finally, TrueMark Investments LLC purchased a new stake in HSBC during the first quarter valued at approximately $2,616,000. 1.48% of the stock is owned by institutional investors.
Analysts Set New Price Targets
HSBC has been the topic of a number of recent research reports. Bank of America restated a "neutral" rating and set a $63.00 price objective on shares of HSBC in a research report on Tuesday, June 3rd. Wall Street Zen upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Five research 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.00.
View Our Latest Research Report on HSBC
HSBC Trading Up 0.3%
Shares of NYSE HSBC traded up $0.20 during midday trading on Monday, hitting $60.87. The company's stock had a trading volume of 1,360,834 shares, compared to its average volume of 1,753,832. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The business's 50 day moving average is $58.94 and its two-hundred day moving average is $55.36. HSBC Holdings plc has a 12-month low of $39.42 and a 12-month high of $61.88. The firm has a market cap of $214.02 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.91 and a beta of 0.57.
HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.35. HSBC had a return on equity of 12.55% and a net margin of 14.55%. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.60 billion. As a group, equities research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.
HSBC Dividend Announcement
The company also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 12th were issued a dividend of $0.495 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 3.5%. HSBC's payout ratio is currently 36.33%.
HSBC Profile
(
Free Report)
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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