15,214 Shares in HSBC Holdings plc $HSBC Purchased by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC purchased a new position in HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, HoldingsChannel reports. The firm purchased 15,214 shares of the financial services provider’s stock, valued at approximately $1,197,000.

A number of other hedge funds also recently bought and sold shares of the company. May Hill Capital LLC boosted its stake in HSBC by 105.9% in the 4th quarter. May Hill Capital LLC now owns 23,424 shares of the financial services provider’s stock worth $1,843,000 after purchasing an additional 12,047 shares in the last quarter. Stephens Inc. AR bought a new position in HSBC in the 4th quarter worth about $293,000. Northwestern Mutual Wealth Management Co. boosted its stake in HSBC by 1,272.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock worth $71,548,000 after purchasing an additional 843,186 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in HSBC by 22.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 8,683 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 1,593 shares during the period. Finally, Allworth Financial LP lifted its stake in HSBC by 4.0% during the 4th quarter. Allworth Financial LP now owns 6,612 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 254 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

Shares of NYSE:HSBC opened at $88.41 on Friday. The firm’s 50 day moving average price is $86.37 and its 200-day moving average price is $81.73. HSBC Holdings plc has a twelve month low of $58.14 and a twelve month high of $94.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $303.84 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.89 and a beta of 0.56.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The firm had revenue of $19.13 billion for the quarter. Equities research analysts expect that HSBC Holdings plc will post 8.51 EPS for the current year.

HSBC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders 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 2.3%. The ex-dividend date of this dividend is Friday, May 15th. HSBC’s dividend payout ratio (DPR) is 147.21%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HSBC shares. The Goldman Sachs Group started coverage on shares of HSBC in a research note on Thursday, March 26th. They set a “buy” rating on the stock. Weiss Ratings cut shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Zacks Research cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada restated a “sector perform” rating on shares of HSBC in a research note on Thursday. Finally, BNP Paribas Exane cut shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, HSBC currently has a consensus rating of “Hold” and an average target price of $63.00.

Insider Transactions at HSBC

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 4,973 shares of the company’s stock, valued at $90,061.03. This trade represents a 82.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.01% of the stock is currently owned by company insiders.

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Negative Sentiment: HSBC reportedly paused a $4 billion investment into its private credit funds after taking a $400 million hit linked to a recent collapse in British mortgage lender Market Financial Solutions, raising concerns about risk management and potential further fallout. Reuters article on HSBC pauses $4 billion private credit investment after fraud hit
• Negative Sentiment: The Financial Times report about the pause adds to investor unease around HSBC’s private credit exposure, since the bank had positioned the $4 billion commitment as part of a broader growth push in asset management. Article on HSBC sits on $4 billion in private credit dry powder amid sector turmoil
• Neutral Sentiment: HSBC later said it remains committed to its private credit offerings, which may help limit concerns that the bank is abandoning the strategy altogether. PYMNTS article on HSBC reaffirms $4 billion private credit bet
• Neutral Sentiment: HSBC also announced it will redeem CNH2.75 billion of 2027 notes, a routine capital markets action that is unlikely to materially affect sentiment. TipRanks article on HSBC redeem CNH2.75bn 2027 notes and cancel listings

About HSBC

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.