Manatuck Hill Partners LLC Has $4.99 Million Holdings in HSBC Holdings PLC (HSBC)
Manatuck Hill Partners LLC raised its holdings in HSBC Holdings PLC (NYSE:HSBC) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,448 shares of the financial services provider’s stock after purchasing an additional 4,367 shares during the period. HSBC Holdings PLC accounts for approximately 2.5% of Manatuck Hill Partners LLC’s portfolio, making the stock its 9th largest holding. Manatuck Hill Partners LLC’s holdings in HSBC Holdings PLC were worth $4,985,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in HSBC. Guardian Capital Advisors LP grew its position in shares of HSBC Holdings PLC by 1.4% in the second quarter. Guardian Capital Advisors LP now owns 187,414 shares of the financial services provider’s stock valued at $9,063,000 after purchasing an additional 2,636 shares during the last quarter. Ranger International Management LP purchased a new position in shares of HSBC Holdings PLC during the 2nd quarter worth approximately $429,000. Stifel Financial Corp increased its stake in shares of HSBC Holdings PLC by 12.1% during the 2nd quarter. Stifel Financial Corp now owns 184,454 shares of the financial services provider’s stock worth $8,554,000 after purchasing an additional 19,973 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HSBC Holdings PLC by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock worth $617,481,000 after purchasing an additional 99,537 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of HSBC Holdings PLC by 13.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,091,406 shares of the financial services provider’s stock worth $97,020,000 after purchasing an additional 240,883 shares in the last quarter. 2.23% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on HSBC. Zacks Investment Research raised HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, August 2nd. BidaskClub raised HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC began coverage on HSBC Holdings PLC in a research report on Monday, September 4th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.00.
Shares of HSBC Holdings PLC (NYSE HSBC) traded down 0.69% during midday trading on Monday, hitting $49.07. 435,157 shares of the stock were exchanged. The stock has a market cap of $198.92 billion, a P/E ratio of 100.14 and a beta of 0.87. The stock’s 50-day moving average price is $48.41 and its 200 day moving average price is $44.67. HSBC Holdings PLC has a one year low of $36.79 and a one year high of $50.86.
HSBC Holdings PLC (NYSE:HSBC) last released its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The business had revenue of $13.17 billion during the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. On average, analysts anticipate that HSBC Holdings PLC will post $2.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, August 4th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $2.00 annualized dividend and a yield of 4.05%. HSBC Holdings PLC’s payout ratio is presently 400.01%.
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HSBC Holdings PLC 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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