36,703 Shares in HSBC Holdings plc $HSBC Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in HSBC Holdings plc (NYSE:HSBC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,703 shares of the financial services provider’s stock, valued at approximately $3,028,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transamerica Financial Advisors LLC increased its holdings in HSBC by 287.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 244 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of HSBC during the third quarter worth approximately $26,000. Binnacle Investments Inc increased its stake in shares of HSBC by 80.5% in the third quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after buying an additional 198 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in HSBC in the third quarter valued at $41,000. Finally, SHP Wealth Management bought a new position in HSBC during the 4th quarter valued at $42,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the completion of the transaction, the insider directly owned 4,973 shares of the company’s stock, valued at $90,061.03. The trade was a 82.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.01% of the stock is currently owned by corporate insiders.

HSBC Stock Down 1.4%

NYSE:HSBC opened at $97.39 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 stock has a 50 day moving average of $92.61 and a 200-day moving average of $87.57. The firm has a market capitalization of $334.72 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.87 and a beta of 0.57. HSBC Holdings plc has a 52 week low of $60.61 and a 52 week high of $98.78.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The business had revenue of $19.12 billion for the quarter. Analysts predict that HSBC Holdings plc will post 8.67 EPS for the current year.

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 15th. HSBC’s dividend payout ratio (DPR) is 32.46%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HSBC shares. BNP Paribas Exane lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group started coverage on HSBC in a report on Thursday, March 26th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of HSBC in a report on Tuesday, June 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Finally, Weiss Ratings cut HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC continues to add senior talent in the Middle East investment banking business, which could support growth in a strategic region. HSBC bolsters Middle East investment banking team with senior hires, memo shows
• Positive Sentiment: HSBC is also getting business from capital markets deals, including work on Tata Capital’s planned overseas bond issue and Ather Energy’s share sale. Tata Capital eyes $300 million overseas bond issue Ather Energy is said to plan a $200 million India share sale
• Neutral Sentiment: HSBC named Nick Elias to lead wealth platforms as it pushes further into AI-enabled wealth management, a strategic but still early-stage move. HSBC Names Nick Elias to Lead Wealth Platforms as AI Push Grows
• Neutral Sentiment: HSBC’s market commentary said a tech pullback may be broadening the equity rally, suggesting a constructive macro view rather than a direct company-specific catalyst. HSBC says tech pullback is broadening equity rally, sees earnings backdrop intact
• Negative Sentiment: HSBC told some customers it will not extend certain higher-risk private credit loans, and reports say it is halting some lending to riskier private credit clients after sector bankruptcies raised underwriting concerns. HSBC Retreats From Higher-Risk Private Credit Bets HSBC halts some private credit lending, FT reports HSBC pulls back from riskier private credit lending after $400 million loss
• Negative Sentiment: HSBC said it is reviewing its Turkish retail and corporate banking business and may sell it, reinforcing concerns that the bank is exiting smaller or weaker markets. HSBC reviews Turkish banking business for possible sale

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.