Enterprise Financial Services Corp raised its stake in HSBC Holdings PLC (NYSE:HSBC) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC increased its position in shares of HSBC Holdings PLC by 2.6% in the second quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares during the last quarter. Toronto Dominion Bank increased its position in HSBC Holdings PLC by 11.4% in the first quarter. Toronto Dominion Bank now owns 3,919 shares of the financial services provider’s stock valued at $160,000 after buying an additional 400 shares in the last quarter. Klingenstein Fields & Co. LLC purchased a new position in HSBC Holdings PLC during the second quarter valued at approximately $204,000. Abner Herrman & Brock LLC purchased a new position in HSBC Holdings PLC during the second quarter valued at approximately $210,000. Finally, Johnston Asset Management LLC purchased a new position in HSBC Holdings PLC during the second quarter valued at approximately $219,000. 2.26% of the stock is owned by institutional investors and hedge funds.
HSBC Holdings PLC (NYSE:HSBC) traded up 0.25% during trading on Friday, hitting $47.33. The stock had a trading volume of 1,264,941 shares. HSBC Holdings PLC has a one year low of $35.42 and a one year high of $50.86. The stock’s 50-day moving average is $48.44 and its 200 day moving average is $43.77. The firm has a market cap of $191.87 billion, a price-to-earnings ratio of 96.59 and a beta of 0.89.
HSBC Holdings PLC (NYSE:HSBC) last released its earnings results on Monday, July 31st. The financial services provider reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.08. The firm had revenue of $13.17 billion during the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. Equities analysts anticipate that HSBC Holdings PLC will post $2.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, August 4th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $2.00 annualized dividend and a yield of 4.23%. HSBC Holdings PLC’s payout ratio is currently 400.01%.
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Several analysts have issued reports 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 for the company in a report on Wednesday, August 2nd. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Berenberg Bank cut HSBC Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley upgraded HSBC Holdings PLC from an “equal weight” rating to an “overweight” rating in a report on Wednesday, June 28th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. HSBC Holdings PLC has an average rating of “Hold” and an average target price 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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