Advisor Partners LLC bought a new stake in shares of HSBC Holdings PLC (NYSE:HSBC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,117 shares of the financial services provider’s stock, valued at approximately $330,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC boosted its stake in HSBC Holdings PLC by 4.2% in the first quarter. Moloney Securities Asset Management LLC now owns 21,661 shares of the financial services provider’s stock valued at $884,000 after buying an additional 872 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in HSBC Holdings PLC by 6.0% in the first quarter. Janney Montgomery Scott LLC now owns 232,678 shares of the financial services provider’s stock valued at $9,498,000 after buying an additional 13,219 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in HSBC Holdings PLC by 46.8% in the first quarter. Sit Investment Associates Inc. now owns 74,765 shares of the financial services provider’s stock valued at $3,052,000 after buying an additional 23,825 shares during the last quarter. Profund Advisors LLC boosted its stake in HSBC Holdings PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 48,752 shares of the financial services provider’s stock valued at $1,990,000 after buying an additional 16,456 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in HSBC Holdings PLC by 1.2% in the first quarter. Fisher Asset Management LLC now owns 13,016,816 shares of the financial services provider’s stock valued at $531,346,000 after buying an additional 148,181 shares during the last quarter. Hedge funds and other institutional investors own 2.33% of the company’s stock.

HSBC Holdings PLC (NYSE:HSBC) opened at 48.19 on Friday. The firm has a market cap of $195.36 billion, a price-to-earnings ratio of 98.35 and a beta of 0.89. The firm’s 50 day moving average price is $47.85 and its 200 day moving average price is $43.54. HSBC Holdings PLC has a 52-week low of $35.14 and a 52-week high of $50.86.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, August 4th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.15%. HSBC Holdings PLC’s dividend payout ratio is presently 400.01%.

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Several equities research analysts have commented on the company. Zacks Investment Research upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, August 2nd. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Morgan Stanley upgraded HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 28th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. HSBC Holdings PLC currently has a consensus rating of “Hold” and an average target price of $36.67.

HSBC Holdings PLC Company Profile

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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