TD Waterhouse Canada Inc. Grows Stock Position in HSBC Holdings plc $HSBC

Key Points

• TD Waterhouse Canada increased its HSBC stake by 476.1% in the second quarter, holding 125,095 shares valued at approximately $12 million. Institutional investors collectively own 1.48% of HSBC.
• HSBC reported quarterly EPS of $2.25, narrowly exceeding estimates, while revenue of $19.04 billion also surpassed expectations. The bank declared a quarterly dividend of $0.50 per share, representing a 1.9% annualized yield.
• HSBC shares were trading near their 52-week high at $107.13, but analysts maintained an average “Hold” rating, citing valuation concerns despite ongoing share buybacks and growth opportunities in India.

TD Waterhouse Canada Inc. increased its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 476.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,095 shares of the financial services provider's stock after acquiring an additional 103,381 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in HSBC were worth $11,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of HSBC. Transamerica Financial Advisors LLC boosted its position in HSBC by 287.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider's stock valued at $26,000 after buying an additional 244 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in HSBC in the third quarter worth $26,000. Binnacle Investments Inc boosted its holdings in shares of HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider's stock valued at $32,000 after buying an additional 198 shares in the last quarter. Ballast Advisors LLC purchased a new stake in shares of HSBC in the 1st quarter worth about $36,000. Finally, Western Wealth Management LLC bought a new position in shares of HSBC in the 1st quarter worth about $37,000. Institutional investors own 1.48% of the company's stock.

HSBC Trading Up 0.6%

NYSE:HSBC opened at $107.13 on Friday. The stock has a market cap of $368.17 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.02 and a beta of 0.57. The company has a quick ratio of 0.92, a current ratio of 0.85 and a debt-to-equity ratio of 0.67. The company's 50 day moving average price is $102.00 and its 200-day moving average price is $93.41. HSBC Holdings plc has a 52 week low of $64.64 and a 52 week high of $107.92.

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.01. HSBC had a return on equity of 13.80% and a net margin of 18.19%.The business had revenue of $19.04 billion for the quarter, compared to analysts' expectations of $18.66 billion. On average, equities research analysts forecast that HSBC Holdings plc will post 8.56 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. HSBC's dividend payout ratio is presently 28.09%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HSBC shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of HSBC in a report on Tuesday, June 23rd. Erste Group Bank lowered HSBC from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. BNP Paribas Exane cut HSBC from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of HSBC in a report on Monday, August 3rd. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Share buyback continues: HSBC is advancing its global repurchase program with additional purchases in the United Kingdom and Hong Kong. Buying and canceling shares can support earnings per share and signal management confidence, providing a positive catalyst for the stock. HSBC Advances Share Buy-Back With Further UK and Hong Kong Repurchases HSBC Advances Global Share Buy-Back With UK and Hong Kong Purchases
• Positive Sentiment: India lending opportunity: HSBC is among banks offering semi-fixed home loans to deploy surplus liquidity. The products may help protect lending margins while interest rates remain uncertain and could support loan growth. HSBC’s India Services PMI also rose to 54.1 in August, indicating continued expansion in a key growth market. Banks Offer Semi-Fixed Loans to Deploy Surplus Liquidity HSBC India Services PMI Rises to 54.1
• Neutral Sentiment: Stable regional outlook: An HSBC economist expects the Indian rupee to remain in a 94–95.5 range over the next month and does not anticipate a sharp slowdown, suggesting a relatively stable operating backdrop. Rupee Outlook and HSBC Economist Commentary
• Negative Sentiment: Valuation warning: Shore Capital maintained a “sell” rating, arguing HSBC’s valuation already reflects its favorable outlook and leaves little room for disappointment. Its 1,335p target implies approximately 13% downside for the London-listed shares. HSBC Shares Carry Sell Rating
• Negative Sentiment: Housing risk: HSBC reportedly expects Australian house prices to fall 13% if interest rates rise further, highlighting potential risks to mortgage portfolios and broader economic conditions. HSBC Tips 13 Percent House Price Decline

About HSBC

HSBC Holdings plc NYSE: HSBC is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world's largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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