HSBC Holdings plc (NYSE:HSBC) Shares Acquired by BKM Wealth Management LLC

BKM Wealth Management LLC lifted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 43.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,936 shares of the financial services provider’s stock after acquiring an additional 3,941 shares during the period. BKM Wealth Management LLC’s holdings in HSBC were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HSBC. Dimensional Fund Advisors LP grew its stake in HSBC by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock worth $471,129,000 after buying an additional 376,641 shares during the last quarter. American Century Companies Inc. grew its stake in HSBC by 39.4% during the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock worth $27,553,000 after buying an additional 197,283 shares during the last quarter. CWM LLC grew its stake in HSBC by 3,518.2% during the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock worth $7,209,000 after buying an additional 172,920 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in HSBC during the 3rd quarter worth $4,384,000. Finally, Qube Research & Technologies Ltd bought a new position in HSBC during the 3rd quarter worth $3,239,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays reissued an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $761.75.

HSBC Trading Up 0.7 %

NYSE:HSBC opened at $43.80 on Tuesday. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $45.46. The stock has a market cap of $164.29 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.04 and a beta of 0.58. The business has a fifty day moving average of $43.86 and a 200-day moving average of $40.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $1.70 earnings per share for the quarter. HSBC had a return on equity of 10.80% and a net margin of 16.13%. The business had revenue of $20.75 billion during the quarter. Equities analysts predict that HSBC Holdings plc will post 6.35 earnings per share for the current year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, May 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, May 9th. This represents a $2.00 annualized dividend and a yield of 4.57%. HSBC’s dividend payout ratio is currently 34.14%.

HSBC Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.