HSBC Holdings plc $HSBC Stock Sold by Sanders Capital LLC

Sanders Capital LLC reduced its position in shares of HSBC Holdings plc (NYSE:HSBC) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,844,107 shares of the financial services provider’s stock after selling 788,323 shares during the quarter. Sanders Capital LLC’s holdings in HSBC were worth $183,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HSBC. Quantinno Capital Management LP raised its position in shares of HSBC by 20.9% in the 1st quarter. Quantinno Capital Management LP now owns 525,775 shares of the financial services provider’s stock worth $43,371,000 after acquiring an additional 90,711 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of HSBC during the 2nd quarter worth $4,412,000. Bessemer Group Inc. lifted its stake in shares of HSBC by 1,921.0% during the 1st quarter. Bessemer Group Inc. now owns 38,056 shares of the financial services provider’s stock worth $3,139,000 after purchasing an additional 36,173 shares during the last quarter. Signal Advisors Wealth LLC bought a new stake in HSBC during the third quarter valued at about $1,325,000. Finally, QRG Capital Management Inc. grew its stake in 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 last quarter. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HSBC shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, August 17th. Erste Group Bank cut shares of HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of HSBC in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Shore Capital Group cut shares of HSBC to a “sell” rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $97.00.

Trending Headlines about HSBC

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

HSBC Stock Performance

HSBC stock traded down $0.97 during trading on Friday, hitting $87.09. 1,758,892 shares of the company traded hands, compared to its average volume of 2,037,306. The stock’s 50-day simple moving average is $96.78 and its 200 day simple moving average is $93.45. HSBC Holdings plc has a 1 year low of $67.56 and a 1 year high of $107.92. The company has a market cap of $298.58 billion, a PE ratio of 11.31, a P/E/G ratio of 0.94 and a beta of 0.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.89 and a quick ratio of 0.89.

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

HSBC Dividend Announcement

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

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.