Entropy Technologies LP Has $1.79 Million Position in HSBC Holdings plc (NYSE:HSBC)

Key Points

• Entropy Technologies LP increased its holdings in HSBC Holdings plc by 120.3% in the first quarter, owning 31,196 shares worth approximately $1.79 million.
• Institutional investors have shown significant interest, with FMR LLC and Northern Trust Corp raising their stakes in HSBC by 18.1% and 52.0%, respectively, in the fourth quarter.
• HSBC Holdings reported $1.95 earnings per share for the last quarter, exceeding analyst expectations of $1.62, along with a revenue of $16.90 billion.

Entropy Technologies LP boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 120.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,196 shares of the financial services provider's stock after acquiring an additional 17,033 shares during the quarter. Entropy Technologies LP's holdings in HSBC were worth $1,792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSBC. CoreCap Advisors LLC grew its holdings in HSBC by 342.9% during the fourth 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 during the last quarter. Wayfinding Financial LLC acquired a new position in HSBC during the first quarter valued at approximately $30,000. Garde Capital Inc. acquired a new position in HSBC during the first quarter valued at approximately $43,000. Bessemer Group Inc. grew its holdings in HSBC by 51.0% during the first quarter. Bessemer Group Inc. now owns 864 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 292 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in HSBC by 32.1% during the first quarter. Larson Financial Group LLC now owns 1,024 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 1.48% of the company's stock.

HSBC Stock Performance

Shares of HSBC stock traded up $0.73 during midday trading on Tuesday, hitting $64.93. The company had a trading volume of 1,558,033 shares, compared to its average volume of 1,575,638. The business's 50 day simple moving average is $61.56 and its two-hundred day simple moving average is $57.81. The stock has a market cap of $226.70 billion, a PE ratio of 12.86, a P/E/G ratio of 1.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.93. HSBC Holdings plc has a 1-year low of $41.68 and a 1-year high of $65.75.

HSBC (NYSE:HSBC - Get Free Report) last announced 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 business had revenue of $16.90 billion for the quarter, compared to the consensus estimate of $16.64 billion. HSBC had a net margin of 13.48% and a return on equity of 12.73%. As a group, equities analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, September 26th. Stockholders of record on Monday, August 18th will be paid a $0.495 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 308.0%. HSBC's dividend payout ratio (DPR) is presently 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 report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.