Allspring Global Investments Holdings LLC Has $3.17 Million Stake in HSBC Holdings plc $HSBC

Allspring Global Investments Holdings LLC boosted its stake in HSBC Holdings plc (NYSE:HSBC) by 27.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,589 shares of the financial services provider’s stock after buying an additional 8,064 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in HSBC were worth $3,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fisher Asset Management LLC lifted its stake in HSBC by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock valued at $1,400,385,000 after acquiring an additional 402,288 shares during the last quarter. Morgan Stanley increased its holdings in shares of HSBC by 15.3% during the 4th quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock valued at $588,757,000 after acquiring an additional 993,473 shares during the last quarter. Northern Trust Corp raised its stake in shares of HSBC by 4.7% in the 3rd quarter. Northern Trust Corp now owns 3,045,134 shares of the financial services provider’s stock valued at $216,144,000 after acquiring an additional 136,342 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in HSBC by 77.0% in the 4th quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock worth $113,577,000 after purchasing an additional 627,857 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in HSBC by 1,272.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 909,464 shares of the financial services provider’s stock worth $71,548,000 after purchasing an additional 843,186 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BNP Paribas Exane lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Erste Group Bank lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of HSBC in a report on Thursday, May 14th. Citigroup reiterated a “buy” rating on shares of HSBC in a research note on Thursday, July 16th. Finally, Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

HSBC Stock Performance

HSBC stock opened at $103.35 on Friday. HSBC Holdings plc has a 52-week low of $60.61 and a 52-week high of $103.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average price of $95.24 and a two-hundred day moving average price of $89.42. The firm has a market capitalization of $355.18 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.90 and a beta of 0.57.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $19.12 billion during the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. As a group, analysts anticipate that HSBC Holdings plc will post 8.66 EPS for the current fiscal year.

HSBC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 15th. HSBC’s dividend payout ratio is currently 32.46%.

Insider Buying and Selling

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total transaction of $418,757.53. Following the sale, the insider owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. This trade represents a 82.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.01% of the company’s stock.

More HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC agreed to sell HSBC Life Singapore to Allianz for about $2.1 billion, boosting capital and creating a sizable pre-tax gain while preserving a long-term insurance distribution partnership. WSJ article
• Positive Sentiment: The sale values HSBC Life Singapore at 5.8x net asset value, reinforcing that HSBC is monetizing assets at an attractive valuation. The Edge Singapore article
• Positive Sentiment: HSBC’s latest earnings backdrop remains solid, with the bank recently reporting $0.44 EPS and revenue of $19.13 billion, supporting investor confidence in its profitability.
• Neutral Sentiment: HSBC’s own economic research flagged slowing India activity amid Middle East tensions, highlighting macro risks but not a direct hit to current bank results. Financial Post article
• Neutral Sentiment: HSBC also warned of a possible commodity “super-squeeze” as Iran-related conflict widens, which underscores elevated geopolitical risk and potential market volatility. 247WallSt article

HSBC Profile

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.