HSBC Holdings plc (NYSE:HSBC) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 22.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,768 shares of the financial services provider's stock after purchasing an additional 17,321 shares during the period. Cerity Partners LLC's holdings in HSBC were worth $5,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Orion Portfolio Solutions LLC increased 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 worth $2,074,000 after purchasing an additional 7,908 shares during the last quarter. National Bank of Canada FI boosted its stake 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 worth $770,000 after buying an additional 13,722 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of HSBC during the fourth quarter valued at about $3,998,000. Charles Schwab Investment Management Inc. raised its stake in shares of HSBC by 21.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,135 shares of the financial services provider's stock valued at $12,916,000 after acquiring an additional 45,387 shares during the period. Finally, TrueMark Investments LLC acquired a new position in shares of HSBC in the 1st quarter worth approximately $2,616,000. Institutional investors and hedge funds own 1.48% of the company's stock.

HSBC Price Performance

Shares of NYSE HSBC opened at $62.55 on Thursday. The stock's 50-day moving average is $59.84 and its two-hundred day moving average is $55.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $218.40 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.94 and a beta of 0.57. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $62.87.

HSBC (NYSE:HSBC - Get Free Report) last issued its 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. HSBC had a net margin of 14.55% and a return on equity of 12.55%. The firm had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $16.60 billion. Analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 12th were paid a $0.495 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 9th. HSBC's dividend payout ratio is presently 36.33%.

Analyst Upgrades and Downgrades

Separately, Bank of America reissued a "neutral" rating and issued a $63.00 target price on shares of HSBC in a research report on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, HSBC has an average rating of "Hold" and an average price target 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.

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