HSBC Holdings plc (NYSE:HSBC) Stake Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,055 shares of the financial services provider’s stock after acquiring an additional 2,714 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in HSBC were worth $1,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HSBC. Berbice Capital Management LLC acquired a new stake in HSBC during the 4th quarter worth about $25,000. Larson Financial Group LLC raised its holdings in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after buying an additional 450 shares during the period. Brooklyn Investment Group acquired a new stake in HSBC during the 4th quarter worth about $49,000. Allworth Financial LP raised its holdings in HSBC by 40.9% during the 3rd quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares during the period. Finally, Versant Capital Management Inc grew its stake in HSBC by 116.2% during the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 805 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HSBC has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

HSBC Trading Up 0.2 %

Shares of NYSE HSBC opened at $56.07 on Monday. The stock has a market cap of $200.81 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.05 and a beta of 0.54. The business has a 50 day simple moving average of $51.26 and a 200 day simple moving average of $47.18. HSBC Holdings plc has a 52 week low of $36.93 and a 52 week high of $57.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.84%. HSBC’s payout ratio is currently 31.94%.

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.