Hsbc Holdings PLC Has $2.35 Million Holdings in JinkoSolar Holding Company Limited $JKS

Key Points

• Hsbc Holdings PLC has increased its stake in JinkoSolar by 23.1% during the first quarter, now owning about 0.25% of the company valued at approximately $2.35 million.
• JinkoSolar's shares have faced a 4.8% decline, with a current stock price of $22.49 and significant fluctuations over the past year.
• The company declared a quarterly dividend of $0.325 per share, resulting in an annualized yield of 5.8%, although its payout ratio stands at -25.50%.

Hsbc Holdings PLC boosted its position in shares of JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) by 23.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 126,175 shares of the semiconductor company's stock after purchasing an additional 23,652 shares during the quarter. Hsbc Holdings PLC owned about 0.25% of JinkoSolar worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in shares of JinkoSolar in the 1st quarter valued at approximately $36,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of JinkoSolar in the 4th quarter valued at approximately $55,000. Caitong International Asset Management Co. Ltd raised its position in shares of JinkoSolar by 502.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock valued at $102,000 after acquiring an additional 4,562 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of JinkoSolar by 85.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock valued at $217,000 after acquiring an additional 3,998 shares during the period. Finally, Barclays PLC raised its position in shares of JinkoSolar by 425.4% in the 4th quarter. Barclays PLC now owns 12,179 shares of the semiconductor company's stock valued at $303,000 after acquiring an additional 9,861 shares during the period. 35.82% of the stock is owned by institutional investors.

JinkoSolar Stock Up 4.3%

Shares of NYSE JKS traded up $0.96 during midday trading on Monday, reaching $23.09. The company's stock had a trading volume of 547,330 shares, compared to its average volume of 443,038. The company has a current ratio of 1.33, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11. JinkoSolar Holding Company Limited has a fifty-two week low of $13.42 and a fifty-two week high of $37.36. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -4.60 and a beta of 0.13. The stock has a 50 day simple moving average of $22.78 and a 200-day simple moving average of $20.54.

JinkoSolar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were issued a $0.325 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.6%. JinkoSolar's dividend payout ratio (DPR) is -25.50%.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of JinkoSolar from a "buy" rating to a "sell" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, JinkoSolar presently has a consensus rating of "Reduce" and a consensus price target of $27.19.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.