Cambridge Investment Research Advisors Inc. raised its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,489 shares of the financial services provider’s stock after purchasing an additional 291 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in HSBC Holdings PLC were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HSBC. LMR Partners LLP grew its holdings in HSBC Holdings PLC by 1,416.0% during the first quarter. LMR Partners LLP now owns 759,830 shares of the financial services provider’s stock valued at $30,947,000 after purchasing an additional 709,710 shares during the last quarter. Fisher Asset Management LLC grew its holdings in HSBC Holdings PLC by 4.0% during the second quarter. Fisher Asset Management LLC now owns 13,533,107 shares of the financial services provider’s stock valued at $627,801,000 after purchasing an additional 516,291 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HSBC Holdings PLC by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 13,211,121 shares of the financial services provider’s stock valued at $539,278,000 after purchasing an additional 454,788 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in HSBC Holdings PLC during the first quarter valued at approximately $13,775,000. Finally, FNY Partners Fund LP acquired a new position in HSBC Holdings PLC during the first quarter valued at approximately $8,011,000. Institutional investors own 2.23% of the company’s stock.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, August 2nd. BidaskClub cut HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. HSBC Holdings PLC presently has an average rating of “Hold” and an average target price of $36.00.

Shares of HSBC Holdings PLC (NYSE HSBC) opened at 48.66 on Tuesday. The stock has a 50 day moving average price of $48.43 and a 200 day moving average price of $44.62. HSBC Holdings PLC has a 52-week low of $36.79 and a 52-week high of $50.86. The company has a market capitalization of $197.26 billion, a PE ratio of 99.31 and a beta of 0.88.

HSBC Holdings PLC (NYSE:HSBC) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share 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%. On average, analysts predict that HSBC Holdings PLC will post $2.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, August 4th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Wednesday, August 2nd. HSBC Holdings PLC’s payout ratio is presently 400.01%.

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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