HSBC Holdings PLC (HSBC) Shares Bought by Genesee Valley Trust Co.
Genesee Valley Trust Co. raised its position in shares of HSBC Holdings PLC (NYSE:HSBC) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 15,551 shares of the company’s stock after buying an additional 616 shares during the period. Genesee Valley Trust Co.’s holdings in HSBC Holdings PLC were worth $487,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. Quantitative Systematic Strategies LLC acquired a new position in shares of HSBC Holdings PLC during the first quarter worth approximately $599,000. BTC Capital Management Inc. increased its position in shares of HSBC Holdings PLC by 0.7% in the first quarter. BTC Capital Management Inc. now owns 14,152 shares of the company’s stock worth $439,000 after buying an additional 95 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of HSBC Holdings PLC by 49.9% in the first quarter. CIBC World Markets Inc. now owns 146,064 shares of the company’s stock worth $4,546,000 after buying an additional 48,638 shares in the last quarter. Pacad Investment Ltd. acquired a new position in shares of HSBC Holdings PLC during the first quarter worth approximately $436,000. Finally, Wrapmanager Inc. acquired a new position in shares of HSBC Holdings PLC during the first quarter worth approximately $286,000. 2.38% of the stock is currently owned by institutional investors and hedge funds.
HSBC Holdings PLC (NYSE:HSBC) traded up 1.67% on Wednesday, hitting $38.43. 2,290,137 shares of the stock traded hands. The firm has a market cap of $137.11 billion, a price-to-earnings ratio of 15.91 and a beta of 1.22. HSBC Holdings PLC has a 12-month low of $28.62 and a 12-month high of $40.96. The stock has a 50-day moving average of $36.43 and a 200-day moving average of $32.96.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Friday, August 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, August 10th. HSBC Holdings PLC’s payout ratio is 81.63%.
HSBC has been the topic of a number of research reports. Deutsche Bank AG reissued a “hold” rating on shares of HSBC Holdings PLC in a research note on Thursday, May 26th. JPMorgan Chase & Co. lowered shares of HSBC Holdings PLC from a “neutral” rating to an “underweight” rating in a report on Wednesday, June 1st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of HSBC Holdings PLC in a report on Sunday, June 12th. Societe Generale reaffirmed a “buy” rating on shares of HSBC Holdings PLC in a report on Monday, June 20th. Finally, BNP Paribas raised shares of HSBC Holdings PLC from an “underperform” rating to a “neutral” rating in a report on Monday, June 27th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.48.
HSBC Holdings PLC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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