Aperio Group LLC increased its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,254,663 shares of the financial services provider’s stock after buying an additional 99,776 shares during the period. Aperio Group LLC’s holdings in HSBC Holdings PLC were worth $58,204,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its stake in shares of HSBC Holdings PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 48,752 shares of the financial services provider’s stock worth $1,990,000 after buying an additional 16,456 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of HSBC Holdings PLC by 1.2% in the first quarter. Fisher Asset Management LLC now owns 13,016,816 shares of the financial services provider’s stock worth $531,346,000 after buying an additional 148,181 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of HSBC Holdings PLC by 3.4% in the first quarter. Rehmann Capital Advisory Group now owns 9,678 shares of the financial services provider’s stock worth $395,000 after buying an additional 319 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in HSBC Holdings PLC during the first quarter valued at $240,000. Finally, CAPROCK Group Inc. boosted its stake in HSBC Holdings PLC by 7.8% in the first quarter. CAPROCK Group Inc. now owns 7,455 shares of the financial services provider’s stock valued at $304,000 after buying an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 2.33% of the company’s stock.
HSBC Holdings PLC (HSBC) traded down 0.87% 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 $35.13 and a 1-year high of $50.86. The company has a 50-day moving average price of $47.98 and a 200-day moving average price of $43.59. The stock has a market capitalization of $193.65 billion, a price-to-earnings ratio of 97.49 and a beta of 0.89.
HSBC Holdings PLC (NYSE:HSBC) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.08. The company had revenue of $13.17 billion for the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. Equities analysts predict that HSBC Holdings PLC will post $2.95 earnings per share for the current year.
The company also recently declared 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 4.19%. HSBC Holdings PLC’s payout ratio is 400.01%.
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Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, August 2nd. BidaskClub cut shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Saturday. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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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