Keybank National Association OH reduced its stake in HSBC Holdings PLC (NYSE:HSBC) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,452 shares of the financial services provider’s stock after selling 5,678 shares during the period. Keybank National Association OH’s holdings in HSBC Holdings PLC were worth $2,897,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HSBC. LS Investment Advisors LLC raised its position in HSBC Holdings PLC by 2.6% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock worth $108,000 after buying an additional 59 shares during the period. Pictet North America Advisors SA bought a new position in HSBC Holdings PLC during the first quarter worth $153,000. Banque Pictet & Cie SA bought a new position in HSBC Holdings PLC during the first quarter worth $153,000. Toronto Dominion Bank raised its position in HSBC Holdings PLC by 11.4% in the first quarter. Toronto Dominion Bank now owns 3,919 shares of the financial services provider’s stock worth $160,000 after buying an additional 400 shares during the period. Finally, Enterprise Financial Services Corp raised its position in HSBC Holdings PLC by 0.6% in the second quarter. Enterprise Financial Services Corp now owns 3,442 shares of the financial services provider’s stock worth $160,000 after buying an additional 19 shares during the period. 2.23% of the stock is owned by hedge funds and other institutional investors.

Shares of HSBC Holdings PLC (NYSE HSBC) opened at 48.40 on Friday. The firm’s 50-day moving average price is $48.53 and its 200 day moving average price is $44.09. HSBC Holdings PLC has a 52 week low of $35.69 and a 52 week high of $50.86. The stock has a market capitalization of $196.21 billion, a P/E ratio of 98.78 and a beta of 0.89.

HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $13.17 billion for the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. Analysts expect that HSBC Holdings PLC will post $2.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, August 4th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, August 2nd. HSBC Holdings PLC’s payout ratio is presently 400.01%.

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A number of research analysts recently weighed in on HSBC shares. BidaskClub raised HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research raised HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, June 28th. Finally, Berenberg Bank lowered HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.67.

HSBC Holdings PLC Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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