Generali Investments CEE investicni spolecnost a.s. Raises Position in HSBC Holdings plc $HSBC

Key Points

• Generali Investments CEE has increased its stake in HSBC Holdings plc by 25%, now holding 99,500 shares worth approximately $6.05 million.
• In addition to Generali, other hedge funds have raised their positions in HSBC, with TD Private Client Wealth LLC increasing its stake by 101.7%.
• HSBC recently announced a quarterly dividend of $0.495 per share, resulting in an annual yield of 2.8% based on a payout ratio of 39.21%.

Generali Investments CEE investicni spolecnost a.s. increased its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 25.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,500 shares of the financial services provider's stock after purchasing an additional 19,884 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in HSBC were worth $6,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of HSBC by 101.7% in the second quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 234 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of HSBC in the second quarter valued at about $31,000. Wayfinding Financial LLC purchased a new position in shares of HSBC in the first quarter valued at about $30,000. Raleigh Capital Management Inc. purchased a new position in shares of HSBC in the second quarter valued at about $33,000. Finally, Garde Capital Inc. purchased a new position in shares of HSBC in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Trading Up 0.8%

Shares of HSBC opened at $71.00 on Wednesday. HSBC Holdings plc has a 1-year low of $43.81 and a 1-year high of $71.06. The company has a current ratio of 0.86, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm's 50-day moving average price is $65.89 and its 200-day moving average price is $60.57. The firm has a market capitalization of $246.41 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.57 and a beta of 0.65.

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

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 15th were paid a dividend of $0.495 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.98 annualized dividend and a yield of 2.8%. HSBC's payout ratio is presently 39.21%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of HSBC from an "underperform" rating to an "outperform" rating in a research report on Friday, September 5th. Bank of America restated a "neutral" rating and issued a $63.00 price objective on shares of HSBC in a research report on Tuesday, June 3rd. BNP Paribas raised shares of HSBC from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, Citigroup reaffirmed a "buy" rating on shares of HSBC in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

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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