Wetherby Asset Management Inc. increased its stake in HSBC Holdings PLC (NYSE:HSBC) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,474 shares of the financial services provider’s stock after buying an additional 5,937 shares during the period. Wetherby Asset Management Inc.’s holdings in HSBC Holdings PLC were worth $2,481,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HSBC. Enterprise Financial Services Corp boosted its stake in HSBC Holdings PLC by 0.6% in the second quarter. Enterprise Financial Services Corp now owns 3,442 shares of the financial services provider’s stock valued at $160,000 after buying an additional 19 shares during the period. Parkside Financial Bank & Trust boosted its stake in HSBC Holdings PLC by 0.7% in the second quarter. Parkside Financial Bank & Trust now owns 5,960 shares of the financial services provider’s stock valued at $276,000 after buying an additional 40 shares during the period. SOL Capital Management CO boosted its stake in HSBC Holdings PLC by 0.6% in the second quarter. SOL Capital Management CO now owns 7,393 shares of the financial services provider’s stock valued at $343,000 after buying an additional 46 shares during the period. LS Investment Advisors LLC boosted its stake in HSBC Holdings PLC by 2.6% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares during the period. Finally, Capital One National Association boosted its stake in HSBC Holdings PLC by 1.4% in the second quarter. Capital One National Association now owns 5,192 shares of the financial services provider’s stock valued at $241,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 2.33% of the company’s stock.

HSBC Holdings PLC (HSBC) opened at 49.69 on Thursday. HSBC Holdings PLC has a 52-week low of $35.12 and a 52-week high of $50.86. The firm has a 50-day moving average price of $47.72 and a 200 day moving average price of $43.51. The stock has a market cap of $201.44 billion, a PE ratio of 101.41 and a beta of 0.89.

HSBC Holdings PLC (NYSE:HSBC) last announced its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $13.17 billion for the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. Equities analysts anticipate that HSBC Holdings PLC will post $2.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.02%. The ex-dividend date is Wednesday, August 2nd. HSBC Holdings PLC’s payout ratio is currently 400.01%.

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Several equities research analysts have recently commented on the company. BidaskClub cut HSBC Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, June 28th. Morgan Stanley upgraded HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, June 28th. Finally, Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. HSBC Holdings PLC currently has a consensus rating of “Buy” and a consensus target price of $36.62.

About HSBC Holdings PLC

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.

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

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