Hsbc Holdings PLC Sells 43,195 Shares of TEGNA Inc. $TGNA

Hsbc Holdings PLC trimmed its position in shares of TEGNA Inc. (NYSE:TGNA - Free Report) by 60.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 28,528 shares of the company's stock after selling 43,195 shares during the quarter. Hsbc Holdings PLC's holdings in TEGNA were worth $519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Neo Ivy Capital Management purchased a new stake in shares of TEGNA during the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC boosted its holdings in shares of TEGNA by 80.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company's stock valued at $31,000 after acquiring an additional 749 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of TEGNA by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $57,000 after acquiring an additional 1,088 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of TEGNA by 26.0% during the 1st quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock valued at $77,000 after acquiring an additional 873 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of TEGNA by 15.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company's stock valued at $92,000 after acquiring an additional 694 shares during the last quarter. Institutional investors own 92.19% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TGNA. Wells Fargo & Company reaffirmed an "overweight" rating and set a $22.00 price target (up previously from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Guggenheim reaffirmed a "neutral" rating and set a $19.00 price target on shares of TEGNA in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of TEGNA from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, TEGNA currently has an average rating of "Moderate Buy" and a consensus price target of $19.75.

TEGNA Stock Performance

Shares of NYSE:TGNA traded down $0.17 during trading on Friday, hitting $21.00. The company's stock had a trading volume of 4,513,838 shares, compared to its average volume of 5,427,886. The company has a 50-day moving average of $18.43 and a 200-day moving average of $17.50. TEGNA Inc. has a 12 month low of $13.44 and a 12 month high of $21.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 7.55 and a beta of 0.28.

TEGNA (NYSE:TGNA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The firm had revenue of $675.05 million for the quarter, compared to analysts' expectations of $673.92 million. During the same quarter in the prior year, the business earned $0.50 EPS. The business's quarterly revenue was down 5.0% on a year-over-year basis. TEGNA has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that TEGNA Inc. will post 3.02 earnings per share for the current year.

TEGNA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, September 5th. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. TEGNA's dividend payout ratio (DPR) is presently 17.99%.

TEGNA Profile

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.