Gibbs Wealth Management Acquires New Stake in HSBC Holdings plc $HSBC

Gibbs Wealth Management bought a new position in HSBC Holdings plc (NYSE:HSBC) in the first quarter, Holdings Channel.com reports. The fund bought 5,720 shares of the financial services provider’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in HSBC by 3.2% in the 1st quarter. Sei Investments Co. now owns 142,229 shares of the financial services provider’s stock valued at $11,730,000 after acquiring an additional 4,453 shares during the last quarter. Lido Advisors LLC raised its position in shares of HSBC by 8.8% during the first quarter. Lido Advisors LLC now owns 9,059 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 733 shares during the period. Cetera Investment Advisers lifted its holdings in shares of HSBC by 7.2% during the first quarter. Cetera Investment Advisers now owns 74,492 shares of the financial services provider’s stock valued at $6,145,000 after purchasing an additional 4,991 shares during the last quarter. NewEdge Wealth LLC lifted its stake in HSBC by 6.0% during the first quarter. NewEdge Wealth LLC now owns 67,698 shares of the financial services provider’s stock valued at $5,584,000 after buying an additional 3,834 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of HSBC by 1.4% in the first quarter. First Trust Advisors LP now owns 500,505 shares of the financial services provider’s stock worth $41,287,000 after acquiring an additional 6,891 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Insider Buying and Selling at HSBC

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total transaction of $418,757.53. Following the completion of the sale, the insider owned 4,973 shares of the company’s stock, valued at $90,061.03. This represents a 82.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.01% of the company’s stock.

HSBC Stock Performance

HSBC stock opened at $103.35 on Friday. The firm has a 50 day moving average of $95.24 and a two-hundred day moving average of $89.42. HSBC Holdings plc has a 12 month low of $60.61 and a 12 month high of $103.94. The company has a market capitalization of $355.18 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 0.92 and a beta of 0.57. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $19.12 billion during the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. As a group, equities analysts anticipate that HSBC Holdings plc will post 8.66 EPS for the current fiscal 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 15th. HSBC’s dividend payout ratio is 32.46%.

Analyst Upgrades and Downgrades

HSBC has been the subject of several research analyst reports. Zacks Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of HSBC in a report on Tuesday, June 23rd. Royal Bank Of Canada restated a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Erste Group Bank lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, BNP Paribas Exane lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, HSBC has an average rating of “Hold”.

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC agreed to sell HSBC Life Singapore to Allianz for about $2.1 billion, boosting capital and creating a sizable pre-tax gain while preserving a long-term insurance distribution partnership. WSJ article
• Positive Sentiment: The sale values HSBC Life Singapore at 5.8x net asset value, reinforcing that HSBC is monetizing assets at an attractive valuation. The Edge Singapore article
• Positive Sentiment: HSBC’s latest earnings backdrop remains solid, with the bank recently reporting $0.44 EPS and revenue of $19.13 billion, supporting investor confidence in its profitability.
• Neutral Sentiment: HSBC’s own economic research flagged slowing India activity amid Middle East tensions, highlighting macro risks but not a direct hit to current bank results. Financial Post article
• Neutral Sentiment: HSBC also warned of a possible commodity “super-squeeze” as Iran-related conflict widens, which underscores elevated geopolitical risk and potential market volatility. 247WallSt article

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.