HSBC Holdings plc $HSBC Stock: Ethic Inc. Increases Holdings

Ethic Inc. lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,715 shares of the financial services provider’s stock after buying an additional 17,334 shares during the period. Ethic Inc.’s holdings in HSBC were worth $19,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HSBC. Quantinno Capital Management LP raised its stake in HSBC by 20.9% during 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 acquiring an additional 90,711 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in HSBC during the 2nd quarter worth approximately $4,412,000. Bessemer Group Inc. grew its stake in shares of HSBC by 1,921.0% in 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. Signal Advisors Wealth LLC purchased a new position in shares of HSBC in the 3rd quarter valued at approximately $1,325,000. Finally, QRG Capital Management Inc. increased its holdings in shares of HSBC by 13.4% in the second 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 period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

NYSE HSBC opened at $87.09 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $96.78 and its two-hundred day moving average is $93.45. HSBC Holdings plc has a 12-month low of $67.56 and a 12-month high of $107.92. The stock has a market capitalization of $298.58 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.96 and a beta of 0.56.

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

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, November 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 6th. HSBC’s dividend payout ratio is currently 25.71%.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC reported repurchasing about $65.9 million of its shares under its ongoing buyback, which modestly supports per-share value. HSBC Repurchases Shares in Ongoing US$65.9 Million Buyback
• Neutral Sentiment: The bank raised the maximum size of its cash tender offer for securities to $1.5 billion. This is a debt-management action, with no clear near-term effect on shareholder earnings. HSBC Raises Tender Offer Maximum to $1.5 Billion
• Neutral Sentiment: HSBC disclosed conditional share awards for employees. The announcement is a routine compensation item; the reported grant size appears small relative to the company. HSBC Grants Conditional Shares Under Employee Plan
• Negative Sentiment: An HSBC strategist warned that Anthropic’s expected IPO could trigger another market selloff, making it a potential test of investor appetite for highly valued AI-related stocks. A broader pullback could weigh on bank shares, though the warning is not specific to HSBC’s fundamentals. Anthropic’s IPO Could Trigger Another Selloff, HSBC Strategist Warns

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded HSBC from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “neutral” rating on shares of HSBC in a report on Wednesday, August 5th. Erste Group Bank lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Citigroup reissued a “neutral” rating on shares of HSBC in a research note on Wednesday, October 28th. Finally, Keefe, Bruyette & Woods downgraded shares of HSBC from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 13th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $97.00.

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.