American Century Companies Inc. Acquires 168,438 Shares of HSBC Holdings plc $HSBC

American Century Companies Inc. raised its holdings in HSBC Holdings plc (NYSE:HSBCFree Report) by 14.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,311,820 shares of the financial services provider’s stock after buying an additional 168,438 shares during the quarter. American Century Companies Inc.’s holdings in HSBC were worth $93,113,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Fisher Asset Management LLC grew its position in HSBC by 9.2% during the second quarter. Fisher Asset Management LLC now owns 17,043,371 shares of the financial services provider’s stock worth $1,036,067,000 after buying an additional 1,430,797 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of HSBC by 160.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 502,200 shares of the financial services provider’s stock worth $30,529,000 after acquiring an additional 309,738 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of HSBC by 36.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock worth $22,223,000 after purchasing an additional 98,048 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of HSBC by 1.2% during the second quarter. Raymond James Financial Inc. now owns 338,050 shares of the financial services provider’s stock valued at $20,550,000 after purchasing an additional 4,072 shares during the period. Finally, Creative Planning raised its stake in shares of HSBC by 4.8% in the second quarter. Creative Planning now owns 313,074 shares of the financial services provider’s stock valued at $19,032,000 after purchasing an additional 14,368 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

HSBC Stock Down 4.8%

NYSE:HSBC opened at $85.42 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.62. HSBC Holdings plc has a 12-month low of $45.66 and a 12-month high of $94.79. The stock’s fifty day simple moving average is $85.10 and its 200-day simple moving average is $75.03. The firm has a market capitalization of $293.42 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.97 and a beta of 0.50.

HSBC (NYSE:HSBCGet Free Report) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.23). The business had revenue of $17.72 billion for the quarter, compared to the consensus estimate of $17.01 billion. HSBC had a return on equity of 13.10% and a net margin of 16.07%. Equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 13th will be paid a $2.25 dividend. This is an increase from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 13th. This represents a $9.00 annualized dividend and a yield of 10.5%. HSBC’s dividend payout ratio (DPR) is 32.73%.

Analyst Ratings Changes

HSBC has been the topic of a number of analyst reports. Bank of America raised shares of HSBC from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 10th. Erste Group Bank raised HSBC from a “hold” rating to a “buy” rating in a report on Thursday, November 20th. Keefe, Bruyette & Woods raised HSBC from a “hold” rating to a “moderate buy” rating in a report on Wednesday, December 17th. Morgan Stanley assumed coverage on HSBC in a research report on Wednesday, January 14th. They set an “equal weight” rating for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of HSBC in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Get Our Latest Research Report on HSBC

About HSBC

(Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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