Enterprise Financial Services Corp increased its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,442 shares of the financial services provider’s stock after buying an additional 19 shares during the period. Enterprise Financial Services Corp’s holdings in HSBC Holdings PLC were worth $160,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC increased its stake in HSBC Holdings PLC by 4.0% in the second quarter. Fisher Asset Management LLC now owns 13,533,107 shares of the financial services provider’s stock worth $627,801,000 after buying an additional 516,291 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of HSBC Holdings PLC by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 13,211,121 shares of the financial services provider’s stock worth $539,278,000 after buying an additional 454,788 shares in the last quarter. Cambiar Investors LLC boosted its position in HSBC Holdings PLC by 1.3% in the first quarter. Cambiar Investors LLC now owns 6,581,634 shares of the financial services provider’s stock valued at $268,662,000 after buying an additional 86,829 shares during the period. Harding Loevner LP boosted its position in HSBC Holdings PLC by 9.5% in the first quarter. Harding Loevner LP now owns 2,042,223 shares of the financial services provider’s stock valued at $83,364,000 after buying an additional 177,452 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in HSBC Holdings PLC by 22.1% in the first quarter. Parametric Portfolio Associates LLC now owns 1,850,523 shares of the financial services provider’s stock valued at $75,538,000 after buying an additional 334,869 shares during the period. 2.33% of the stock is owned by institutional investors and hedge funds.
HSBC Holdings PLC (NYSE HSBC) traded down 0.87% during mid-day trading on Friday, hitting $47.77. The stock had a trading volume of 1,403,634 shares. HSBC Holdings PLC has a 1-year low of $35.24 and a 1-year high of $50.86. The company has a market cap of $193.65 billion, a P/E ratio of 97.49 and a beta of 0.89. The company has a 50-day moving average price of $47.98 and a 200 day moving average price of $43.59.
HSBC Holdings PLC (NYSE:HSBC) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the 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 forecast that HSBC Holdings PLC will post $2.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.19%. HSBC Holdings PLC’s payout ratio is 400.01%.
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Several research analysts recently commented on HSBC shares. Zacks Investment Research cut HSBC Holdings PLC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Morgan Stanley upgraded HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 28th. Finally, Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. 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 has a consensus rating of “Hold” and an average price target of $36.67.
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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