Gunderson Capital Management Inc. Reduces Holdings in HSBC Holdings plc $HSBC

Gunderson Capital Management Inc. cut its stake in HSBC Holdings plc (NYSE:HSBC) by 3.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 161,909 shares of the financial services provider’s stock after selling 6,206 shares during the period. HSBC accounts for approximately 4.2% of Gunderson Capital Management Inc.’s holdings, making the stock its 4th largest holding. Gunderson Capital Management Inc.’s holdings in HSBC were worth $11,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in HSBC by 9.2% in the second quarter. Fisher Asset Management LLC now owns 17,043,371 shares of the financial services provider’s stock worth $1,036,067,000 after purchasing an additional 1,430,797 shares during the period. JPMorgan Chase & Co. raised its stake in shares of HSBC by 160.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 502,200 shares of the financial services provider’s stock worth $30,529,000 after buying an additional 309,738 shares in the last quarter. Bank of Montreal Can boosted its stake in HSBC by 175.6% during the second quarter. Bank of Montreal Can now owns 209,666 shares of the financial services provider’s stock valued at $12,746,000 after buying an additional 133,591 shares in the last quarter. American Century Companies Inc. grew its holdings in HSBC by 11.9% during the second quarter. American Century Companies Inc. now owns 1,143,382 shares of the financial services provider’s stock worth $69,506,000 after acquiring an additional 121,151 shares during the period. Finally, ABC Arbitrage SA raised its position in HSBC by 237.0% in the second quarter. ABC Arbitrage SA now owns 170,779 shares of the financial services provider’s stock worth $10,382,000 after acquiring an additional 120,110 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC senior strategist commentary signals improved investor sentiment — HSBC’s Kettner said investors “have been too bearish,” which can lift sentiment among institutional and retail holders and reduce selling pressure. Investors are realising they have been too bearish: HSBC’s Kettner
• Positive Sentiment: HSBC is deepening tech capabilities via a self‑hosted AI approach with Mistral AI — this could lower operational costs, speed product development and improve risk/data control across banking lines over the medium term. Self-Hosted AI in Banking: Lessons from HSBC’s Partnership with Mistral AI
• Neutral Sentiment: HSBC reported its six‑month block listing return for employee share schemes — a routine corporate disclosure that signals planned capacity to satisfy share awards; standard for large banks but worth monitoring for potential issuance. HSBC Files Six-Month Block Listing Return on Employee Share Schemes
• Neutral Sentiment: India’s HSBC Services PMI cooled to 58.0 from 59.8 — still strong expansion but a small deceleration in services activity in a key Asian market; relevant to regional revenue trends but not immediately company‑specific. India’s Services PMI Cools, Undershoots Market Expectations
• Neutral Sentiment: Analyst/momentum coverage notes HSBC has modest weekly gains — useful for momentum traders but not a driver of fundamentals. HSBC (HSBC) Is Up 0.60% in One Week: What You Should Know
• Negative Sentiment: HSBC UK is offering up to £750 cashback to new Premier customers — a customer acquisition promotion that may boost deposits but increases near‑term marketing/bonus costs and could pressure margins in the UK retail business. HSBC offering up to £750 cashback on new Premier accounts
• Negative Sentiment: HSBC has cut some mortgage rates in the UK — consumer relief may boost lending volumes but can compress net interest margin if wider lending repricing follows. HSBC Cuts Rates, Raising Hopes of Cheaper Home Loans

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Erste Group Bank upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research report on Thursday, November 20th. Bank of America upgraded shares of HSBC from a “neutral” rating to a “buy” rating in a report on Wednesday, December 10th. Jefferies Financial Group restated a “hold” rating on shares of HSBC in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of HSBC in a research report on Monday, December 29th. Finally, Zacks Research upgraded HSBC from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.00.

HSBC Price Performance

Shares of NYSE:HSBC opened at $82.05 on Wednesday. The company’s fifty day moving average is $73.75 and its two-hundred day moving average is $68.30. The company has a market cap of $281.86 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.52. HSBC Holdings plc has a 12-month low of $45.66 and a 12-month high of $83.03. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.49.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.15. The business had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $16.78 billion. HSBC had a return on equity of 12.78% and a net margin of 12.85%. Equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, November 7th were issued a $0.50 dividend. The ex-dividend date was Friday, November 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio is currently 41.68%.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.