Opal Capital LLC Buys 5,151 Shares of HSBC Holdings plc $HSBC

Opal Capital LLC grew its position in HSBC Holdings plc (NYSE:HSBC) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,955 shares of the financial services provider’s stock after acquiring an additional 5,151 shares during the quarter. Opal Capital LLC’s holdings in HSBC were worth $3,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HSBC. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $71,548,000 after acquiring an additional 843,186 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in HSBC in the fourth quarter worth about $988,000. May Hill Capital LLC lifted its stake in HSBC by 105.9% during the fourth quarter. May Hill Capital LLC now owns 23,424 shares of the financial services provider’s stock worth $1,843,000 after purchasing an additional 12,047 shares during the period. Assetmark Inc. boosted its holdings in HSBC by 74.6% during the fourth quarter. Assetmark Inc. now owns 47,456 shares of the financial services provider’s stock valued at $3,733,000 after purchasing an additional 20,281 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of HSBC by 9.9% in the 4th quarter. US Bancorp DE now owns 165,949 shares of the financial services provider’s stock valued at $13,055,000 after purchasing an additional 14,953 shares during the period. 1.48% of the stock is owned by institutional investors.

HSBC Price Performance

Shares of HSBC stock opened at $103.69 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 12-month low of $60.61 and a 12-month high of $104.33. The firm has a fifty day moving average of $95.81 and a 200-day moving average of $89.80. The firm has a market capitalization of $356.34 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 0.92 and a beta of 0.57.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $19.12 billion during the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%. On average, equities research analysts forecast that HSBC Holdings plc will post 8.66 earnings per share for the current year.

HSBC Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, May 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 15th. HSBC’s payout ratio is presently 32.46%.

Key Headlines Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Singapore insurance sale strengthens simplification strategy: HSBC agreed to sell its Singapore insurance business to Allianz for $2.09 billion while retaining access to insurance distribution through a 15-year partnership. The transaction should release capital and simplify the group, with proceeds potentially supporting shareholder returns or reinvestment. HSBC to Divest Singapore Insurance Unit to Allianz for $2.09B
• Positive Sentiment: India deposit campaign expands funding: HSBC reportedly attracted about $5.5 billion in Indian nonresident foreign-currency deposits using unusually aggressive leverage and pricing. The win increases HSBC’s deposit base and strengthens its position in a high-growth market, though the economics depend on whether the deposits generate sufficient returns. HSBC uses leverage to win US$5.5 billion in India forex deposits
• Positive Sentiment: Investment in AI and wealth management: HSBC plans to hire more than 100 AI specialists and 100 wealth managers in Singapore. The expansion supports automation, productivity and growth in higher-margin wealth services, reinforcing Asia as a core growth region. HSBC to hire 100 AI specialists and 100 wealth managers
• Positive Sentiment: Shareholder-return appeal: HSBC was highlighted among stocks with strong shareholder yields from dividends, buybacks and debt reduction, which may support investor demand amid market uncertainty. 4 High Shareholder Yield Stocks to Buy Amid Rising Uncertainty
• Neutral Sentiment: Australian loan-book sale: HSBC is reportedly close to selling a more-than-$30 billion Australian loan portfolio to Blackstone’s credit arm. The deal could reduce balance-sheet complexity and risk, but also remove lending income and remains subject to completion. Blackstone credit arm nears deal for HSBC’s Australian loan book
• Negative Sentiment: Deposit-growth costs and execution risk: Winning India’s deposits through high leverage or aggressive pricing could pressure margins and increase balance-sheet risk if funding costs rise or customer balances prove less stable than expected. How HSBC’s 19x NRI deposit bet pulled in $5.5 billion

Wall Street Analyst Weigh In

HSBC has been the subject of a number of recent analyst reports. BNP Paribas Exane cut shares of HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research note on Thursday, July 16th. Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Thursday, May 14th. Finally, Weiss Ratings cut HSBC from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Insider Buying and Selling

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

HSBC Company 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.