25,240 Shares in HSBC Holdings plc (NYSE:HSBC) Bought by Price Capital Management Inc.

Price Capital Management Inc. purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,240 shares of the financial services provider's stock, valued at approximately $1,450,000. HSBC makes up 3.7% of Price Capital Management Inc.'s portfolio, making the stock its 21st largest position.

Several other institutional investors have also modified their holdings of HSBC. Wayfinding Financial LLC acquired a new position in shares of HSBC during the 1st quarter worth $30,000. CoreCap Advisors LLC grew its stake in shares of HSBC by 342.9% during the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock worth $29,000 after purchasing an additional 456 shares during the period. Garde Capital Inc. acquired a new stake in HSBC in the 1st quarter valued at about $43,000. Bessemer Group Inc. grew its stake in HSBC by 51.0% in the 1st quarter. Bessemer Group Inc. now owns 864 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 292 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in HSBC by 32.1% in the 1st quarter. Larson Financial Group LLC now owns 1,024 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Trading Down 0.1%

NYSE HSBC traded down $0.06 during mid-day trading on Friday, hitting $64.92. The company's stock had a trading volume of 1,305,159 shares, compared to its average volume of 1,355,935. HSBC Holdings plc has a 52-week low of $39.42 and a 52-week high of $65.75. The stock's fifty day simple moving average is $60.69 and its two-hundred day simple moving average is $56.71. 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 firm has a market capitalization of $226.66 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.35. The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. HSBC had a net margin of 14.55% and a return on equity of 12.55%. Research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, May 12th were paid a dividend of $0.495 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 3.5%. HSBC's dividend payout ratio is currently 36.33%.

Wall Street Analysts Forecast Growth

Separately, Bank of America reaffirmed a "neutral" rating and set a $63.00 price target on shares of HSBC in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $63.00.

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.