LSV Asset Management Has $2.82 Million Stock Holdings in HSBC Holdings plc $HSBC

LSV Asset Management lessened its holdings in HSBC Holdings plc (NYSE:HSBC) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,828 shares of the financial services provider’s stock after selling 6,072 shares during the period. LSV Asset Management’s holdings in HSBC were worth $2,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HSBC. Measured Wealth Private Client Group LLC acquired a new stake in shares of HSBC in the third quarter worth $26,000. Binnacle Investments Inc boosted its position in HSBC by 80.5% during the third quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 198 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in HSBC during the third quarter valued at $41,000. Cornerstone Planning Group LLC boosted its position in HSBC by 30.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 117 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its position in HSBC by 126.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 575 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

NYSE HSBC opened at $93.69 on Wednesday. HSBC Holdings plc has a fifty-two week low of $58.14 and a fifty-two week high of $94.79. The stock’s 50-day moving average is $87.42 and its two-hundred day moving average is $82.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $321.99 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.92 and a beta of 0.56.

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

HSBC Cuts Dividend

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

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC raised A$1.4 billion through a multi-tranche senior unsecured note offering, signaling continued access to funding and strong investor demand for its debt. HSBC Raises A$1.4bn in Multi-Tranche Senior Unsecured Note Offering
• Positive Sentiment: Bank of Communications renewed its interbank transactions framework with HSBC, supporting ongoing commercial relationships and cross-border banking activity. Bank of Communications Renews Interbank Transactions Framework with HSBC
• Positive Sentiment: HSBC’s Australia unit reportedly nearly doubled profit, a sign that some regional operations are performing well and could help offset slower growth elsewhere. HSBC Australia nearly doubles profit
• Positive Sentiment: HSBC continued highlighting growth initiatives, including a $4 billion clean energy credit facility and a focus on financing green firms in Asia, which may support longer-term fee and lending growth. HSBC launches 4 billion clean energy credit facility
• Neutral Sentiment: HSBC management has been emphasizing AI adoption and workforce transition, which could improve efficiency over time but also signals structural change in banking jobs. HSBC CEO Urges Staff Not to Resist AI as Banking Roles Evolve
• Neutral Sentiment: HSBC also appeared in analyst/investor-day commentary and broader market articles, but these items do not add a clear near-term catalyst for the shares. HSBC Holdings plc Analyst/Investor Day Prepared Remarks Transcript

Wall Street Analysts Forecast Growth

HSBC has been the subject of a number of research reports. BNP Paribas Exane cut HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Zacks Research cut HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group initiated coverage on HSBC in a research report on Thursday, March 26th. They set a “buy” rating for the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Finally, Weiss Ratings cut 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 assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.00.

Insider Activity at HSBC

In other news, insider Daniel Scott Palomaki sold 23,123 shares of HSBC stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $18.11, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.01% of the company’s stock.

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.