Savant Capital LLC Has $1.96 Million Stake in HSBC Holdings plc $HSBC

Savant Capital LLC decreased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,867 shares of the financial services provider’s stock after selling 6,117 shares during the quarter. Savant Capital LLC’s holdings in HSBC were worth $1,956,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sivia Capital Partners LLC boosted its stake in HSBC by 19.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 1,899 shares during the last quarter. Invesco Ltd. boosted its stake in HSBC by 22.5% during the 2nd quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 1,295 shares during the last quarter. Jump Financial LLC bought a new position in HSBC during the 2nd quarter worth approximately $221,000. Cerity Partners LLC lifted its stake in HSBC by 3.1% in the second quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after buying an additional 2,940 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in HSBC by 36.7% in the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock valued at $22,223,000 after buying an additional 98,048 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BNP Paribas Exane lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group began coverage on shares of HSBC in a research note on Thursday, March 26th. They issued a “buy” rating on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Insiders Place Their Bets

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the transaction, the insider directly owned 4,973 shares in the company, valued at approximately $90,061.03. The trade was a 82.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.01% of the company’s stock.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC was highlighted in reports on recent analyst calls, including Morgan Stanley raising its price target on HSBC Holdings, which can support sentiment around the stock. Here’s Why Morgan Stanley Raised the PT on HSBC Holdings (HSBC)
• Positive Sentiment: HSBC also drew attention for its role in investment-bank and markets commentary, including coverage of its outlook on Asia and Japan rate hikes, which suggests management and analysts see ongoing opportunities in key regions. What’s driving HSBC’s call for two BoJ hikes this year?
• Neutral Sentiment: HSBC Continental Europe issued a pre-stabilisation notice for a Swedbank Mortgage covered bond deal; this is a normal capital-markets role and is not likely to materially affect HSBC’s earnings outlook. HSBC Continental Europe: Pre Stabilisation Notice
• Neutral Sentiment: Other mentions, such as HSBC Private Bank’s investment priorities and HSBC-linked fund commentary, appear informational rather than stock-moving for HSBC Holdings itself. HSBC Private Bank reveals its four investment priorities
• Negative Sentiment: Recent consumer-facing headlines about HSBC ISA transfer delays and alleged account issues could weigh on sentiment by raising questions about customer service and operational controls, even if the incidents may be isolated. HSBC ISA transfer chaos: Some savers face six week delays while one says £20,000 disappeared

HSBC Price Performance

Shares of HSBC opened at $93.70 on Monday. The company has a market cap of $322.00 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.94 and a beta of 0.56. HSBC Holdings plc has a 1-year low of $58.14 and a 1-year high of $95.22. The company’s fifty day simple moving average is $88.23 and its 200 day simple moving average is $83.34. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. The business had revenue of $19.13 billion for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. On average, research analysts forecast that HSBC Holdings plc will post 8.54 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, May 15th. HSBC’s payout ratio is presently 32.46%.

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.