Earnest Partners LLC Has $645,000 Position in HSBC Holdings PLC (HSBC)

Earnest Partners LLC decreased its holdings in HSBC Holdings PLC (NYSE:HSBC) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,911 shares of the financial services provider’s stock after selling 38 shares during the quarter. Earnest Partners LLC’s holdings in HSBC Holdings PLC were worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Logan Capital Management Inc. raised its holdings in HSBC Holdings PLC by 1.8% in the 2nd quarter. Logan Capital Management Inc. now owns 22,923 shares of the financial services provider’s stock worth $1,064,000 after purchasing an additional 404 shares during the period. Manatuck Hill Partners LLC raised its holdings in HSBC Holdings PLC by 4.2% in the 2nd quarter. Manatuck Hill Partners LLC now owns 107,448 shares of the financial services provider’s stock worth $4,985,000 after purchasing an additional 4,367 shares during the period. Guardian Capital Advisors LP raised its holdings in HSBC Holdings PLC by 1.4% in the 2nd quarter. Guardian Capital Advisors LP now owns 187,414 shares of the financial services provider’s stock worth $9,063,000 after purchasing an additional 2,636 shares during the period. Ranger International Management LP acquired a new position in HSBC Holdings PLC in the 2nd quarter worth about $429,000. Finally, Stifel Financial Corp raised its holdings in HSBC Holdings PLC by 12.1% in 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 during the period. 2.23% of the stock is owned by institutional investors.

Several research firms have commented on HSBC. BidaskClub lowered HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Morgan Stanley upgraded HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 28th. Berenberg Bank lowered HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered HSBC Holdings PLC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. HSBC Holdings PLC has a consensus rating of “Hold” and an average price target of $36.00.

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Shares of HSBC Holdings PLC (NYSE:HSBC) opened at 49.92 on Wednesday. HSBC Holdings PLC has a 1-year low of $36.79 and a 1-year high of $50.86. The stock has a market capitalization of $202.37 billion, a price-to-earnings ratio of 101.88 and a beta of 0.87. The firm’s 50-day moving average price is $48.60 and its 200 day moving average price is $45.60.

HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.08. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. The firm had revenue of $13.17 billion during the quarter. Equities research analysts expect that HSBC Holdings PLC will post $2.95 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $2.00 annualized dividend and a dividend yield of 3.95%. HSBC Holdings PLC’s dividend payout ratio is currently 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.

Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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