May Hill Capital LLC Grows Position in HSBC Holdings plc $HSBC

May Hill Capital LLC grew its stake in HSBC Holdings plc (NYSE:HSBC) by 105.9% during the 4th quarter, HoldingsChannel reports. The firm owned 23,424 shares of the financial services provider’s stock after buying an additional 12,047 shares during the quarter. May Hill Capital LLC’s holdings in HSBC were worth $1,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Fisher Asset Management LLC raised its stake in shares of HSBC by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 17,398,460 shares of the financial services provider’s stock worth $1,234,943,000 after buying an additional 355,089 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of HSBC by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,575,644 shares of the financial services provider’s stock worth $750,659,000 after buying an additional 185,073 shares during the period. Northern Trust Corp raised its stake in shares of HSBC by 4.7% during the 3rd quarter. Northern Trust Corp now owns 3,045,134 shares of the financial services provider’s stock worth $216,144,000 after buying an additional 136,342 shares during the period. American Century Companies Inc. raised its stake in shares of HSBC by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 1,311,820 shares of the financial services provider’s stock worth $93,113,000 after buying an additional 168,438 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of HSBC by 1,272.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock worth $71,548,000 after buying an additional 843,186 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Down 2.5%

NYSE HSBC opened at $88.41 on Friday. The business has a fifty day moving average price of $86.37 and a 200 day moving average price of $81.73. HSBC Holdings plc has a one year low of $58.14 and a one year high of $94.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $303.84 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.89 and a beta of 0.56.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 EPS for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The firm had revenue of $19.13 billion during the quarter. Research analysts anticipate that HSBC Holdings plc will post 8.51 EPS for the current fiscal year.

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, May 15th. HSBC’s dividend payout ratio is currently 147.21%.

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Negative Sentiment: HSBC reportedly paused a $4 billion investment into its private credit funds after taking a $400 million hit linked to a recent collapse in British mortgage lender Market Financial Solutions, raising concerns about risk management and potential further fallout. Reuters article on HSBC pauses $4 billion private credit investment after fraud hit
• Negative Sentiment: The Financial Times report about the pause adds to investor unease around HSBC’s private credit exposure, since the bank had positioned the $4 billion commitment as part of a broader growth push in asset management. Article on HSBC sits on $4 billion in private credit dry powder amid sector turmoil
• Neutral Sentiment: HSBC later said it remains committed to its private credit offerings, which may help limit concerns that the bank is abandoning the strategy altogether. PYMNTS article on HSBC reaffirms $4 billion private credit bet
• Neutral Sentiment: HSBC also announced it will redeem CNH2.75 billion of 2027 notes, a routine capital markets action that is unlikely to materially affect sentiment. TipRanks article on HSBC redeem CNH2.75bn 2027 notes and cancel listings

Wall Street Analyst Weigh In

HSBC has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on HSBC in a research note on Thursday, March 26th. They set a “buy” rating for the company. BNP Paribas Exane downgraded HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Thursday. Weiss Ratings downgraded HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, HSBC has a consensus rating of “Hold” and an average target price of $63.00.

Insider Buying and Selling

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the company’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 completion of the sale, the insider directly owned 4,973 shares in the company, valued at $90,061.03. This represents a 82.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.01% of the company’s stock.

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.