Oppenheimer & Co. Inc. boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 30.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,211 shares of the financial services provider's stock after purchasing an additional 10,135 shares during the period. Oppenheimer & Co. Inc.'s holdings in HSBC were worth $2,482,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of HSBC by 18.1% in the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock valued at $142,605,000 after acquiring an additional 441,033 shares during the last quarter. Northern Trust Corp lifted its stake in shares of HSBC by 52.0% in the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock valued at $137,563,000 after acquiring an additional 951,050 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of HSBC by 4.5% in the 4th quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider's stock valued at $46,347,000 after acquiring an additional 40,388 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of HSBC by 7,061.5% in 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 last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of HSBC by 26.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider's stock valued at $19,881,000 after acquiring an additional 85,104 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
HSBC has been the subject of a number of research reports. Wall Street Zen upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Finally, Bank of America reaffirmed a "neutral" rating and set a $63.00 target price on shares of HSBC in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $63.00.
Get Our Latest Analysis on HSBC
HSBC Stock Down 1.0%
Shares of NYSE:HSBC opened at $60.50 on Friday. The firm has a market cap of $212.70 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.92 and a beta of 0.58. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.51. HSBC Holdings plc has a 12-month low of $39.42 and a 12-month high of $61.88. The business has a fifty day simple moving average of $58.19 and a 200 day simple moving average of $54.75.
HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.35. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.60 billion. HSBC had a return on equity of 12.55% and a net margin of 14.55%. Analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.
HSBC Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 12th were paid a $0.495 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 9th. HSBC's dividend payout ratio is 36.33%.
About HSBC
(
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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