Vanguard Personalized Indexing Management LLC Buys 8,932 Shares of HSBC Holdings plc $HSBC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in HSBC Holdings plc by 8.2%, acquiring an additional 8,932 shares during the 2nd quarter, bringing its total holdings to 117,639 shares valued at $7,151,000.
• HSBC's stock has a current market cap of $227.59 billion and is opening at $65.96, with a recent 12-month low of $43.81 and high of $72.21.
• The company recently paid a quarterly dividend of $0.495 per share, translating to an annualized dividend yield of 3.0%.

Vanguard Personalized Indexing Management LLC raised its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,639 shares of the financial services provider's stock after acquiring an additional 8,932 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in HSBC were worth $7,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC boosted its position in shares of HSBC by 101.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 464 shares of the financial services provider's stock worth $28,000 after purchasing an additional 234 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of HSBC during the 2nd quarter valued at about $31,000. Wayfinding Financial LLC purchased a new position in shares of HSBC during the 1st quarter valued at about $30,000. Raleigh Capital Management Inc. purchased a new position in shares of HSBC during the 2nd quarter valued at about $33,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of HSBC during the 2nd quarter valued at about $39,000. Institutional investors own 1.48% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of HSBC in a research note on Wednesday, October 8th. Zacks Research lowered HSBC from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 3rd. Jefferies Financial Group restated a "hold" rating on shares of HSBC in a research note on Friday. BNP Paribas Exane upgraded HSBC from an "underperform" rating to an "outperform" rating in a research note on Friday, September 5th. Finally, BNP Paribas upgraded HSBC from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, HSBC has a consensus rating of "Hold" and an average target price of $63.00.

HSBC Trading Down 2.0%

HSBC stock opened at $65.96 on Monday. The stock has a market cap of $227.59 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.67 and a beta of 0.62. The business's 50-day moving average is $66.93 and its 200 day moving average is $61.25. HSBC Holdings plc has a 12-month low of $43.81 and a 12-month high of $72.21. The company has a current ratio of 0.86, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

HSBC (NYSE:HSBC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.33. The business had revenue of $16.90 billion for the quarter, compared to analysts' expectations of $16.64 billion. HSBC had a return on equity of 12.73% and a net margin of 13.48%. On average, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 15th were issued a $0.495 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a yield of 3.0%. HSBC's dividend payout ratio is currently 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.

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