HSBC Holdings plc $HSBC Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 101.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 464 shares of the financial services provider’s stock after buying an additional 234 shares during the quarter. TD Private Client Wealth LLC’s holdings in HSBC were worth $28,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in HSBC in the 1st quarter valued at about $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of HSBC during the 2nd quarter valued at $31,000. Garde Capital Inc. acquired a new position in shares of HSBC in the 1st quarter worth $43,000. Elequin Capital LP raised its position in shares of HSBC by 282.2% during the first quarter. Elequin Capital LP now owns 772 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 570 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of HSBC by 51.0% during the first quarter. Bessemer Group Inc. now owns 864 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 292 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HSBC has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of HSBC in a report on Monday, September 22nd. BNP Paribas Exane upgraded shares of HSBC from an “underperform” rating to an “outperform” rating in a research report on Friday, September 5th. Bank of America reissued a “neutral” rating and issued a $63.00 price objective on shares of HSBC in a research note on Tuesday, June 3rd. Finally, BNP Paribas raised HSBC from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

HSBC Stock Performance

Shares of NYSE HSBC opened at $71.00 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.86 and a quick ratio of 0.93. HSBC Holdings plc has a one year low of $43.81 and a one year high of $71.06. The business’s 50-day moving average price is $65.89 and its two-hundred day moving average price is $60.57. The company has a market capitalization of $246.41 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.57 and a beta of 0.65.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.33. The business had revenue of $16.90 billion during the quarter, compared to analyst estimates of $16.64 billion. HSBC had a return on equity of 12.73% and a net margin of 13.48%. Analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 15th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. HSBC’s payout ratio is currently 39.21%.

About HSBC

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.