Gunderson Capital Management Inc. acquired a new position in HSBC Holdings plc (NYSE:HSBC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 179,124 shares of the financial services provider's stock, valued at approximately $10,287,000. HSBC accounts for 6.6% of Gunderson Capital Management Inc.'s holdings, making the stock its 8th biggest position.
Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of HSBC by 4.9% during the 1st quarter. Parallel Advisors LLC now owns 13,737 shares of the financial services provider's stock valued at $789,000 after buying an additional 638 shares in the last quarter. GAMMA Investing LLC lifted its position in HSBC by 7,061.5% during the 1st quarter. GAMMA Investing LLC now owns 559,311 shares of the financial services provider's stock valued at $321,210,000 after acquiring an additional 551,501 shares during the period. Versant Capital Management Inc boosted its stake in HSBC by 859.7% during the first quarter. Versant Capital Management Inc now owns 14,377 shares of the financial services provider's stock worth $826,000 after acquiring an additional 12,879 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of HSBC by 26.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,494 shares of the financial services provider's stock valued at $1,360,000 after purchasing an additional 5,820 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of HSBC during the fourth quarter valued at approximately $86,000. 1.48% of the stock is currently owned by institutional investors.
HSBC Stock Performance
HSBC stock traded down $0.60 during trading on Tuesday, reaching $59.40. The company had a trading volume of 1,482,629 shares, compared to its average volume of 1,729,009. The firm's 50-day simple moving average is $55.50 and its 200 day simple moving average is $53.26. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $209.94 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 1.05 and a beta of 0.53.
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, beating the consensus estimate of $1.60 by $0.35. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Sell-side analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.
HSBC Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.495 per share. This represents a yield of 3.5%. The ex-dividend date is Friday, May 9th. HSBC's dividend payout ratio (DPR) is currently 36.33%.
Analyst Ratings Changes
Several analysts have commented on the company. UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Bank of America restated a "neutral" rating and issued a $63.00 target price on shares of HSBC in a report on Tuesday. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Wall Street Zen upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $63.00.
Check Out Our Latest Stock Report on HSBC
HSBC Company 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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