Orleans Capital Management Corp LA Purchases 1,450 Shares of HSBC Holdings plc (NYSE:HSBC)

Orleans Capital Management Corp LA lifted its position in HSBC Holdings plc (NYSE:HSBC) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,555 shares of the financial services provider’s stock after buying an additional 1,450 shares during the period. Orleans Capital Management Corp LA’s holdings in HSBC were worth $1,329,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in HSBC in the fourth quarter valued at approximately $162,000. Scotia Capital Inc. bought a new position in shares of HSBC during the fourth quarter worth about $206,000. Campbell & CO Investment Adviser LLC lifted its stake in HSBC by 51.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 17,324 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 5,859 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in HSBC during the 4th quarter worth approximately $374,000. Finally, Morningstar Investment Services LLC grew its stake in shares of HSBC by 104.8% during the 4th quarter. Morningstar Investment Services LLC now owns 50,308 shares of the financial services provider’s stock worth $2,038,000 after acquiring an additional 25,746 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, HSBC currently has a consensus rating of “Hold”.

HSBC Stock Performance

HSBC opened at $45.19 on Tuesday. The business’s 50-day simple moving average is $43.34 and its 200 day simple moving average is $42.90. HSBC Holdings plc has a 52-week low of $35.30 and a 52-week high of $46.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. The firm has a market capitalization of $169.50 billion, a PE ratio of 7.79, a PEG ratio of 0.98 and a beta of 0.56.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion for the quarter. As a group, sell-side analysts expect that HSBC Holdings plc will post 5.74 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.43%. HSBC’s dividend payout ratio is presently 34.14%.

HSBC Company 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.