TrueMark Investments LLC Sells 9,717 Shares of HSBC Holdings plc $HSBC

TrueMark Investments LLC trimmed its stake in HSBC Holdings plc (NYSE:HSBC) by 20.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,785 shares of the financial services provider’s stock after selling 9,717 shares during the period. TrueMark Investments LLC’s holdings in HSBC were worth $2,894,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HSBC. LVW Advisors LLC purchased a new position in HSBC during the fourth quarter valued at $267,000. Net Worth Advisory Group increased its position in HSBC by 2.3% in the fourth quarter. Net Worth Advisory Group now owns 6,466 shares of the financial services provider’s stock worth $509,000 after buying an additional 146 shares in the last quarter. Trust Point Inc. raised its stake in shares of HSBC by 39.6% in the fourth quarter. Trust Point Inc. now owns 10,636 shares of the financial services provider’s stock worth $837,000 after buying an additional 3,018 shares during the period. CoreCap Advisors LLC raised its stake in shares of HSBC by 256.7% in the fourth quarter. CoreCap Advisors LLC now owns 1,534 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,104 shares during the period. Finally, Kathmere Capital Management LLC lifted its position in shares of HSBC by 3.9% during the 4th quarter. Kathmere Capital Management LLC now owns 21,695 shares of the financial services provider’s stock valued at $1,707,000 after buying an additional 817 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

HSBC Trading Down 0.1%

HSBC stock opened at $79.15 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.87. HSBC Holdings plc has a 1-year low of $45.66 and a 1-year high of $94.79. The business has a 50 day simple moving average of $85.55 and a two-hundred day simple moving average of $77.13. The company has a market capitalization of $271.88 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.82 and a beta of 0.50.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 25th. The financial services provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.60 by $0.25. HSBC had a net margin of 16.07% and a return on equity of 13.10%. The firm had revenue of $17.72 billion for the quarter, compared to the consensus estimate of $17.01 billion. Research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 13th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 11.4%. The ex-dividend date is Friday, March 13th. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio is presently 148.43%.

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Goldman Sachs initiated coverage with a “buy” rating, providing buy-side validation that can support the stock if broader market risk sentiment stabilizes (new analyst demand / flows).
• Positive Sentiment: Erste Group modestly raised its FY2027 EPS estimate for HSBC, signaling incremental upward revisions to earnings expectations that can support valuation.
• Positive Sentiment: CEO Georges Elhedery emphasized aggressive simplification of the bank’s operations — a strategic message investors favor because sustained simplification can improve returns and lower structural costs. HSBC CEO on being ruthless in killing complexity
• Neutral Sentiment: HSBC issued US$130m of 10?year fixed?rate senior unsecured notes (5.48% due 2036). The size is small relative to HSBC’s balance sheet, so the move is more of a funding/cost-of-capital data point than a major credit event. HSBC issues US$130m 10-year senior unsecured notes
• Neutral Sentiment: Company disclosure of senior executive dealings was published — standard regulatory transparency that can attract attention but is neutral unless it reveals large insider selling. HSBC Discloses Senior Executive Dealings in Capital Securities and Shares
• Neutral Sentiment: HSBC research pieces (including notes on Lenskart valuation and a list of 10 stocks to consider) are visible in the press — useful for investor relations and revenue from research, but unlikely to move HSBC’s share price materially on their own. Lenskart valuations leave ‘little upside’ for shares, HSBC says
• Negative Sentiment: Worsening India market conditions — a large pullback of foreign investors and the government cutting fuel taxes to shield consumers — raise regional macro risk where HSBC has significant exposure. Reduced market activity, capital outflows and a weaker fiscal backdrop in India can weigh on HSBC’s Asia-related revenues and sentiment. Foreign investors pull a record $12 billion from Indian stocks India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging

Analyst Ratings Changes

A number of brokerages recently issued reports on HSBC. Bank of America upgraded HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 10th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a report on Friday, January 9th. Morgan Stanley began coverage on shares of HSBC in a research note on Wednesday, January 14th. They issued an “equal weight” rating for the company. The Goldman Sachs Group started coverage on shares of HSBC in a research report on Thursday. They set a “buy” rating on the stock. Finally, Weiss Ratings upgraded shares of HSBC from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.00.

HSBC 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.