Keybank National Association OH Purchases 22,398 Shares of HSBC Holdings plc $HSBC

Keybank National Association OH increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 134.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,060 shares of the financial services provider’s stock after acquiring an additional 22,398 shares during the period. Keybank National Association OH’s holdings in HSBC were worth $3,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in HSBC by 15.3% in the fourth quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock worth $588,757,000 after purchasing an additional 993,473 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of HSBC by 1,272.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock valued at $71,548,000 after buying an additional 843,186 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of HSBC by 77.0% in the fourth quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock valued at $113,577,000 after buying an additional 627,857 shares during the last quarter. Fisher Asset Management LLC lifted its position in HSBC by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock worth $1,400,385,000 after buying an additional 402,288 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in HSBC by 843.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 242,762 shares of the financial services provider’s stock worth $20,025,000 after acquiring an additional 217,037 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HSBC has been the subject of several research reports. The Goldman Sachs Group assumed coverage on shares of HSBC in a research note on Thursday, March 26th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of HSBC in a research note on Tuesday, June 23rd. BNP Paribas Exane cut shares of HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research note on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, HSBC currently has a consensus rating of “Hold”.

Insider Activity

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total value of $418,757.53. Following the transaction, the insider directly owned 4,973 shares in the company, valued at $90,061.03. This trade represents a 82.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.01% of the stock is owned by corporate insiders.

HSBC Stock Down 0.1%

Shares of NYSE HSBC opened at $96.69 on Monday. HSBC Holdings plc has a 1 year low of $60.51 and a 1 year high of $97.88. The firm’s 50-day moving average is $92.27 and its 200-day moving average is $87.25. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $332.29 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.85 and a beta of 0.57.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The business had revenue of $19.12 billion during the quarter. Equities analysts expect that HSBC Holdings plc will post 8.67 EPS for the current year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. HSBC’s dividend payout ratio is 32.46%.

HSBC Company Profile

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.