XTX Topco Ltd Has $5.19 Million Stake in HSBC Holdings plc (NYSE:HSBC)

Key Points

• XTX Topco Ltd increased its stake in HSBC Holdings plc by 145.4%, owning a total of 90,285 shares valued at $5,185,000 by the end of the recent quarter.
• HSBC's latest earnings report revealed earnings per share of $1.95, surpassing estimates of $1.60, with revenues of $17.74 billion, exceeding analyst expectations.
• The company declared a dividend yield of 3.5%, with a recent payout of $0.495 to shareholders recorded on May 12th.

XTX Topco Ltd boosted its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 145.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,285 shares of the financial services provider's stock after acquiring an additional 53,489 shares during the quarter. XTX Topco Ltd's holdings in HSBC were worth $5,185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSBC. Thrivent Financial for Lutherans raised its position in HSBC by 5.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,618 shares of the financial services provider's stock worth $377,000 after acquiring an additional 417 shares in the last quarter. Sei Investments Co. raised its position in shares of HSBC by 4.6% in the fourth quarter. Sei Investments Co. now owns 106,538 shares of the financial services provider's stock valued at $5,270,000 after purchasing an additional 4,670 shares during the period. LPL Financial LLC raised its position in shares of HSBC by 23.2% in the fourth quarter. LPL Financial LLC now owns 153,518 shares of the financial services provider's stock valued at $7,593,000 after purchasing an additional 28,875 shares during the period. JPMorgan Chase & Co. raised its position in shares of HSBC by 79.8% in the fourth quarter. JPMorgan Chase & Co. now owns 102,207 shares of the financial services provider's stock valued at $5,055,000 after purchasing an additional 45,347 shares during the period. Finally, Orion Portfolio Solutions LLC raised its position in shares of HSBC by 23.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock valued at $2,074,000 after purchasing an additional 7,908 shares during the period. 1.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

HSBC Stock Performance

NYSE:HSBC traded up $0.05 during mid-day trading on Friday, reaching $61.35. 1,758,702 shares of the company's stock were exchanged, compared to its average volume of 2,157,510. HSBC Holdings plc has a one year low of $39.42 and a one year high of $65.75. The firm has a market capitalization of $214.20 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.91 and a beta of 0.57. The business's fifty day simple moving average is $60.98 and its two-hundred day simple moving average is $57.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.93.

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.33. HSBC had a net margin of 13.48% and a return on equity of 12.78%. The business had revenue of $16.90 billion for the quarter, compared to analyst estimates of $16.64 billion. Analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 12th were paid a dividend of $0.495 per share. This represents a yield of 350.0%. The ex-dividend date was Friday, May 9th. HSBC's dividend payout ratio is presently 39.21%.

HSBC Company 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.