HSBC (NYSE:HSBC) Insider Daniel Scott Palomaki Sells 23,123 Shares

HSBC Holdings plc (NYSE:HSBC) insider Daniel Scott Palomaki sold 23,123 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total value of $418,757.53. Following the completion of the sale, the insider directly owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. The trade was a 82.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

HSBC Trading Down 0.0%

Shares of NYSE HSBC opened at $90.12 on Monday. The stock has a market cap of $309.72 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.91 and a beta of 0.56. The business has a 50 day simple moving average of $86.44 and a 200 day simple moving average of $80.83. HSBC Holdings plc has a 52 week low of $56.54 and a 52 week high of $94.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92.

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

HSBC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. HSBC’s payout ratio is presently 147.21%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its holdings in shares of HSBC by 30.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock worth $43,000 after buying an additional 117 shares during the last quarter. Westover Capital Advisors LLC lifted its holdings in shares of HSBC by 1.3% during the first quarter. Westover Capital Advisors LLC now owns 9,313 shares of the financial services provider’s stock worth $768,000 after buying an additional 120 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in shares of HSBC by 1.0% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 12,445 shares of the financial services provider’s stock worth $979,000 after buying an additional 123 shares during the last quarter. Ellevest Inc. lifted its holdings in shares of HSBC by 0.7% during the fourth quarter. Ellevest Inc. now owns 18,219 shares of the financial services provider’s stock worth $1,433,000 after buying an additional 131 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of HSBC by 5.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,658 shares of the financial services provider’s stock worth $209,000 after buying an additional 133 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BNP Paribas Exane cut HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Zacks Research cut HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. The Goldman Sachs Group assumed coverage on HSBC in a research report on Thursday, March 26th. They set a “buy” rating for the company. Finally, Morgan Stanley assumed coverage on HSBC in a research report on Wednesday, January 14th. They set an “equal weight” rating for the company. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, HSBC has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC announced further mortgage rate cuts of up to 0.30%, which could help sustain UK lending demand and support market share in a competitive mortgage market. HSBC announces further mortgage rate reductions of up to 0.30%
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for HSBC, reinforcing a constructive earnings outlook and suggesting analysts still see longer-term profit growth.
• Positive Sentiment: HSBC said it sees AI-related upside for China software stocks despite global jitters, signaling ongoing interest in growth opportunities in Asia where the bank has major exposure. HSBC sees AI upside for China software stocks despite global jitters
• Positive Sentiment: At its AGM, HSBC investors backed board proposals and rejected activist resolutions, reducing near-term governance uncertainty for the bank. HSBC Investors Back Board Proposals and Reject Activist Resolutions at 2026 AGM
• Neutral Sentiment: HSBC was highlighted as a strong value and momentum stock by Zacks, which may support investor sentiment but does not change fundamentals by itself. Here’s Why HSBC (HSBC) is a Strong Value Stock
• Neutral Sentiment: HSBC said it has substantially completed a review of lending policies after the $400 million fraud-related provision, which may reassure investors on risk controls but also underscores the scope of the issue. HSBC has reviewed lending policies after $400 million fraud provision, chairman says
• Negative Sentiment: Reuters reported that HSBC was hit by an unexpectedly large $400 million loss tied to a fraud case involving a UK mortgage lender, creating a clear earnings overhang and renewing concern about private-credit risk. Private credit roundup: HSBC’s big loss and an FSB warning
• Negative Sentiment: Shareholders also pushed back against the chair at the AGM amid climate-related concerns, adding another source of governance pressure. HSBC sees shareholder pushback against chair at AGM amid climate action concerns

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.