HSBC Holdings plc $HSBC Shares Purchased by Ieq Capital LLC

Ieq Capital LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 37.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,211 shares of the financial services provider’s stock after purchasing an additional 6,085 shares during the period. Ieq Capital LLC’s holdings in HSBC were worth $1,276,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC boosted its stake in HSBC by 342.9% during the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 456 shares during the period. Wayfinding Financial LLC acquired a new stake in HSBC during the 1st quarter worth $30,000. Garde Capital Inc. acquired a new stake in HSBC during the 1st quarter worth $43,000. Elequin Capital LP boosted its stake in HSBC by 282.2% during the 1st quarter. Elequin Capital LP now owns 772 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 570 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of HSBC by 51.0% in the 1st quarter. Bessemer Group Inc. now owns 864 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 292 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Down 0.5%

HSBC stock opened at $64.50 on Tuesday. HSBC Holdings plc has a one year low of $42.38 and a one year high of $66.05. The stock has a market capitalization of $225.20 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.44 and a beta of 0.65. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.86. The company has a fifty day moving average of $63.09 and a 200-day moving average of $58.99.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, July 30th. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.62 by $0.33. HSBC had a net margin of 13.48% and a return on equity of 12.73%. The company had revenue of $16.90 billion during the quarter, compared to analysts’ expectations of $16.64 billion. As a group, analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 15th will be paid a $0.495 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.98 annualized dividend and a dividend yield of 3.1%. HSBC’s dividend payout ratio (DPR) is 39.21%.

Analyst Upgrades and Downgrades

Separately, Bank of America restated a “neutral” rating and issued a $63.00 target price on shares of HSBC in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.00.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.