5,720 Shares in HSBC Holdings plc $HSBC Purchased by Gibbs Wealth Management

Gibbs Wealth Management purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,720 shares of the financial services provider’s stock, valued at approximately $472,000.

Several other institutional investors and hedge funds have also made changes to their positions in HSBC. Sei Investments Co. lifted its holdings in shares of HSBC by 3.2% in the first quarter. Sei Investments Co. now owns 142,229 shares of the financial services provider’s stock valued at $11,730,000 after purchasing an additional 4,453 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of HSBC by 8.8% in the first quarter. Lido Advisors LLC now owns 9,059 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 733 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of HSBC by 7.2% during the first quarter. Cetera Investment Advisers now owns 74,492 shares of the financial services provider’s stock worth $6,145,000 after buying an additional 4,991 shares in the last quarter. NewEdge Wealth LLC raised its holdings in HSBC by 6.0% in the 1st quarter. NewEdge Wealth LLC now owns 67,698 shares of the financial services provider’s stock valued at $5,584,000 after acquiring an additional 3,834 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in HSBC by 1.4% in the first quarter. First Trust Advisors LP now owns 500,505 shares of the financial services provider’s stock valued at $41,287,000 after purchasing an additional 6,891 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC agreed to sell HSBC Life Singapore to Allianz for about $2.1 billion, boosting capital and creating a sizable pre-tax gain while preserving a long-term insurance distribution partnership. WSJ article
• Positive Sentiment: The sale values HSBC Life Singapore at 5.8x net asset value, reinforcing that HSBC is monetizing assets at an attractive valuation. The Edge Singapore article
• Positive Sentiment: HSBC’s latest earnings backdrop remains solid, with the bank recently reporting $0.44 EPS and revenue of $19.13 billion, supporting investor confidence in its profitability.
• Neutral Sentiment: HSBC’s own economic research flagged slowing India activity amid Middle East tensions, highlighting macro risks but not a direct hit to current bank results. Financial Post article
• Neutral Sentiment: HSBC also warned of a possible commodity “super-squeeze” as Iran-related conflict widens, which underscores elevated geopolitical risk and potential market volatility. 247WallSt article

HSBC Stock Up 1.6%

Shares of NYSE:HSBC opened at $103.35 on Friday. The firm has a market cap of $355.18 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.92 and a beta of 0.57. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 12-month low of $60.61 and a 12-month high of $103.94. The company has a fifty day simple moving average of $95.24 and a 200 day simple moving average of $89.42.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The firm had revenue of $19.12 billion for the quarter. On average, equities research analysts anticipate that HSBC Holdings plc will post 8.66 EPS for the current fiscal year.

HSBC Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. HSBC’s dividend payout ratio (DPR) is 32.46%.

Wall Street Analyst Weigh In

Several research firms have commented on HSBC. BNP Paribas Exane cut HSBC from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Thursday, May 14th. Erste Group Bank downgraded HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of HSBC in a research report on Tuesday, June 23rd. Finally, Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total value of $418,757.53. Following the sale, the insider directly owned 4,973 shares in the company, valued at approximately $90,061.03. This trade represents a 82.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.01% of the stock is owned by corporate insiders.

HSBC 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.