HSBC Holdings plc $HSBC Stock Position Increased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its position in HSBC Holdings plc (NYSE:HSBC) by 139.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,241 shares of the financial services provider’s stock after buying an additional 10,033 shares during the period. Foundations Investment Advisors LLC’s holdings in HSBC were worth $1,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. raised its stake in shares of HSBC by 101.3% in the 3rd quarter. Wedbush Securities Inc. now owns 26,822 shares of the financial services provider’s stock worth $1,904,000 after buying an additional 13,495 shares in the last quarter. Foresight Global Investors Inc. bought a new stake in shares of HSBC in the 3rd quarter worth $12,810,000. American Century Companies Inc. raised its stake in shares of HSBC by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 1,311,820 shares of the financial services provider’s stock worth $93,113,000 after buying an additional 168,438 shares in the last quarter. AMJ Financial Wealth Management raised its stake in shares of HSBC by 91.0% in the 3rd quarter. AMJ Financial Wealth Management now owns 118,837 shares of the financial services provider’s stock worth $8,435,000 after buying an additional 56,624 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of HSBC by 85.2% in the 3rd quarter. Assetmark Inc. now owns 27,175 shares of the financial services provider’s stock worth $1,929,000 after buying an additional 12,501 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Insider Buying and Selling at HSBC

In other news, insider Daniel Scott Palomaki sold 23,123 shares of HSBC stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total transaction of $418,757.53. Following the transaction, the insider 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.01% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $93.70 on Friday. HSBC Holdings plc has a 1-year low of $58.14 and a 1-year high of $95.22. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $322.00 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.94 and a beta of 0.56. The stock’s fifty day simple moving average is $88.23 and its 200-day simple moving average is $83.26.

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

HSBC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.50 per share. 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 currently 32.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HSBC shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. The Goldman Sachs Group started coverage on HSBC in a research report on Thursday, March 26th. They set a “buy” rating on the stock. Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, BNP Paribas Exane lowered HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.00.

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC was highlighted in reports on recent analyst calls, including Morgan Stanley raising its price target on HSBC Holdings, which can support sentiment around the stock. Here’s Why Morgan Stanley Raised the PT on HSBC Holdings (HSBC)
• Positive Sentiment: HSBC also drew attention for its role in investment-bank and markets commentary, including coverage of its outlook on Asia and Japan rate hikes, which suggests management and analysts see ongoing opportunities in key regions. What’s driving HSBC’s call for two BoJ hikes this year?
• Neutral Sentiment: HSBC Continental Europe issued a pre-stabilisation notice for a Swedbank Mortgage covered bond deal; this is a normal capital-markets role and is not likely to materially affect HSBC’s earnings outlook. HSBC Continental Europe: Pre Stabilisation Notice
• Neutral Sentiment: Other mentions, such as HSBC Private Bank’s investment priorities and HSBC-linked fund commentary, appear informational rather than stock-moving for HSBC Holdings itself. HSBC Private Bank reveals its four investment priorities
• Negative Sentiment: Recent consumer-facing headlines about HSBC ISA transfer delays and alleged account issues could weigh on sentiment by raising questions about customer service and operational controls, even if the incidents may be isolated. HSBC ISA transfer chaos: Some savers face six week delays while one says £20,000 disappeared

HSBC Company Profile

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.