Guardian Capital LP Maintains Holdings in HSBC Holdings PLC (HSBC)
Guardian Capital LP continued to hold its stake in shares of HSBC Holdings PLC (NYSE:HSBC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,314 shares of the financial services provider’s stock at the close of the second quarter. Guardian Capital LP’s holdings in HSBC Holdings PLC were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. lifted its position in HSBC Holdings PLC by 16.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,208 shares of the financial services provider’s stock worth $102,000 after buying an additional 304 shares during the period. LS Investment Advisors LLC grew its holdings in HSBC Holdings PLC by 2.6% in the 2nd quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares during the period. UBS Asset Management Americas Inc. grew its holdings in HSBC Holdings PLC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after buying an additional 43 shares during the period. Enterprise Financial Services Corp grew its holdings in HSBC Holdings PLC by 0.6% in the 2nd quarter. Enterprise Financial Services Corp now owns 3,442 shares of the financial services provider’s stock valued at $160,000 after buying an additional 19 shares during the period. Finally, Ray Gerald L & Associates Ltd. purchased a new stake in HSBC Holdings PLC in the 2nd quarter valued at about $204,000. 2.23% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on HSBC. Zacks Investment Research downgraded shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Morgan Stanley raised shares of HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 28th. Jefferies Group LLC initiated coverage on shares of HSBC Holdings PLC in a report on Monday, September 4th. They issued a “buy” rating for the company. Finally, Berenberg Bank downgraded shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. HSBC Holdings PLC presently has a consensus rating of “Hold” and an average price target of $36.00.
HSBC Holdings PLC (NYSE HSBC) traded up 0.57% during midday trading on Tuesday, reaching $49.37. The company’s stock had a trading volume of 191,341 shares. The firm has a market capitalization of $200.14 billion, a price-to-earnings ratio of 100.76 and a beta of 0.87. HSBC Holdings PLC has a 12 month low of $36.79 and a 12 month high of $50.86. The stock’s 50-day moving average price is $48.24 and its 200-day moving average price is $45.20.
HSBC Holdings PLC (NYSE:HSBC) last posted 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 during the quarter. HSBC Holdings PLC had a net margin of 1.42% and a return on equity of 2.08%. Analysts predict that HSBC Holdings PLC will post $2.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, August 4th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was 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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