HSBC Holdings plc $HSBC Stock: First Command Advisory Services Inc. Boosts Stake

First Command Advisory Services Inc. grew its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 204.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,754 shares of the financial services provider’s stock after buying an additional 7,216 shares during the quarter. First Command Advisory Services Inc.’s holdings in HSBC were worth $1,068,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its stake in shares of HSBC by 20.9% in the 1st quarter. Quantinno Capital Management LP now owns 525,775 shares of the financial services provider’s stock valued at $43,371,000 after purchasing an additional 90,711 shares during the last quarter. Signal Advisors Wealth LLC purchased a new position in shares of HSBC in the 3rd quarter worth approximately $1,325,000. Engineers Gate Manager LP bought a new position in shares of HSBC during the 2nd quarter valued at approximately $4,412,000. Bessemer Group Inc. increased its position in shares of HSBC by 1,921.0% during the 1st quarter. Bessemer Group Inc. now owns 38,056 shares of the financial services provider’s stock valued at $3,139,000 after purchasing an additional 36,173 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of HSBC by 13.4% during the 2nd quarter. QRG Capital Management Inc. now owns 264,385 shares of the financial services provider’s stock valued at $25,140,000 after purchasing an additional 31,191 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HSBC. Weiss Ratings upgraded HSBC from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a research note on Thursday, August 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, August 17th. Deutsche Bank reissued a “neutral” rating on shares of HSBC in a research note on Wednesday, August 5th. Finally, Citigroup restated a “neutral” rating on shares of HSBC in a report on Wednesday, October 28th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.00.

HSBC Trading Up 0.4%

HSBC opened at $90.21 on Thursday. The stock has a market cap of $309.28 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.99 and a beta of 0.56. The stock’s 50 day moving average price is $95.98 and its 200-day moving average price is $93.54. HSBC Holdings plc has a one year low of $67.56 and a one year high of $107.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 0.89.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.10). HSBC had a return on equity of 14.33% and a net margin of 19.59%. The business had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $18.98 billion. On average, equities analysts forecast that HSBC Holdings plc will post 8.41 EPS for the current year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, November 6th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. HSBC’s dividend payout ratio (DPR) is presently 25.71%.

Key Headlines Impacting HSBC

Investors following HSBC have been watching these headlines:

• Neutral Sentiment: HSBC applied for a block listing connected to employee share plans and issued 23,616 shares under a plan. The issuance may modestly dilute existing shareholders, but the reported amount is small relative to the company’s share base. HSBC Issues 23,616 Shares Under Share Plan 2011
• Neutral Sentiment: HSBC plans to open its new London headquarters in March or April 2027. The report provides no cost or financial-impact details. HSBC to open new London HQ in March or April 2027
• Negative Sentiment: HSBC disclosed a share sale by Group Chief Information Officer Stuart Riley. Insider sales can attract investor attention, but the provided report excerpt does not state the sale’s size or rationale. HSBC Discloses Share Sale by Group Chief Information Officer

HSBC Profile

HSBC Holdings plc is a global banking and financial services company serving individuals, businesses, institutions and governments. Its services include personal and commercial banking, wealth management, private banking, and corporate and investment banking. The company provides products such as deposit accounts, lending, payments, trade finance, foreign exchange and investment services. Its international network supports clients with cross-border banking and financial needs. HSBC traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to finance trade in Asia.