Tredje AP fonden Invests $6.83 Million in HSBC Holdings plc $HSBC

Tredje AP fonden purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,869 shares of the financial services provider’s stock, valued at approximately $6,834,000.

Other large investors also recently modified their holdings of the company. Sivia Capital Partners LLC raised its stake in HSBC by 19.0% during the second quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 1,899 shares in the last quarter. Invesco Ltd. increased its position in shares of HSBC by 22.5% during the 2nd quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 1,295 shares in the last quarter. Jump Financial LLC bought a new position in HSBC during the 2nd quarter valued at about $221,000. Cerity Partners LLC boosted its position in HSBC by 3.1% in the second quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after buying an additional 2,940 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in HSBC by 36.7% during the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock worth $22,223,000 after buying an additional 98,048 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Down 1.7%

HSBC stock opened at $88.56 on Wednesday. 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 company has a fifty day simple moving average of $86.54 and a 200 day simple moving average of $82.10. The company has a market cap of $304.34 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.90 and a beta of 0.56. HSBC Holdings plc has a 1-year low of $58.14 and a 1-year high of $94.79.

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 company had revenue of $19.13 billion during the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%. Research analysts anticipate that HSBC Holdings plc will post 8.54 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, May 15th. HSBC’s dividend payout ratio (DPR) is presently 32.46%.

Insiders Place Their Bets

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the business’s stock in a transaction 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 sale, the insider owned 4,973 shares in the company, valued at $90,061.03. The trade was a 82.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.01% of the stock is owned by corporate insiders.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC said it is retraining employees as AI reshapes the financial industry, signaling a focus on productivity improvements and future cost savings. HSBC CEO says AI will destroy and create new jobs, urges staff to embrace change
• Positive Sentiment: HSBC’s investor-day presentation and analyst commentary highlighted profits and wealth-management momentum, reinforcing the view that core businesses remain healthy. HSBC Earnings Call Shows Profits, Wealth Momentum
• Positive Sentiment: Analysts continued to nudge earnings expectations higher, which can help sentiment around HSBC’s valuation. HSBC stock page
• Neutral Sentiment: HSBC showcased its Asian operations at an investor seminar in Hong Kong, underscoring the importance of the region but without a major new financial catalyst. HSBC Showcases Asian Operations at Investor Seminar in Hong Kong
• Neutral Sentiment: HSBC also announced a $4 billion credit facility for Chinese clean-tech firms, a growth-oriented move that supports business activity but is not likely to move the stock on its own. HSBC opens a $4bn credit line for Chinese clean-tech to go global
• Negative Sentiment: The AI retraining message also hints at job reductions and restructuring pressures, which can raise investor concerns about transition costs and execution risk in the near term. HSBC retraining workforce as AI reshapes financial industry jobs

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HSBC shares. BNP Paribas Exane cut shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group assumed coverage on shares of HSBC in a report on Thursday, March 26th. They set a “buy” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Thursday, May 14th. Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.00.

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.