HSBC Holdings plc $HSBC Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 139.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,241 shares of the financial services provider’s stock after acquiring an additional 10,033 shares during the quarter. Foundations Investment Advisors LLC’s holdings in HSBC were worth $1,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of HSBC during the 3rd quarter worth approximately $26,000. Binnacle Investments Inc boosted its position in HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 198 shares during the period. Cornerstone Planning Group LLC boosted its position in HSBC by 30.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 117 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in HSBC during the 4th quarter valued at approximately $43,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in HSBC by 126.4% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 575 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 321 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of HSBC 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 $90,061.03. The trade was a 82.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.01% of the stock is owned by insiders.

HSBC Stock Up 0.8%

Shares of HSBC stock opened at $93.70 on Friday. The business’s fifty day moving average price is $88.23 and its two-hundred day moving average price is $83.26. 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 company has a market capitalization of $322.00 billion, a P/E ratio of 15.36, a PEG ratio of 0.94 and a beta of 0.56. HSBC Holdings plc has a 1-year low of $58.14 and a 1-year high of $95.22.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. The firm had revenue of $19.13 billion for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%. As a group, research analysts forecast that HSBC Holdings plc will post 8.54 EPS for the current year.

HSBC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.1%. HSBC’s payout ratio is presently 32.46%.

Key Headlines Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC was highlighted in reports on recent analyst calls, including Morgan Stanley raising its price target on HSBC Holdings, which can support sentiment around the stock. Here’s Why Morgan Stanley Raised the PT on HSBC Holdings (HSBC)
• Positive Sentiment: HSBC also drew attention for its role in investment-bank and markets commentary, including coverage of its outlook on Asia and Japan rate hikes, which suggests management and analysts see ongoing opportunities in key regions. What’s driving HSBC’s call for two BoJ hikes this year?
• Neutral Sentiment: HSBC Continental Europe issued a pre-stabilisation notice for a Swedbank Mortgage covered bond deal; this is a normal capital-markets role and is not likely to materially affect HSBC’s earnings outlook. HSBC Continental Europe: Pre Stabilisation Notice
• Neutral Sentiment: Other mentions, such as HSBC Private Bank’s investment priorities and HSBC-linked fund commentary, appear informational rather than stock-moving for HSBC Holdings itself. HSBC Private Bank reveals its four investment priorities
• Negative Sentiment: Recent consumer-facing headlines about HSBC ISA transfer delays and alleged account issues could weigh on sentiment by raising questions about customer service and operational controls, even if the incidents may be isolated. HSBC ISA transfer chaos: Some savers face six week delays while one says £20,000 disappeared

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HSBC shares. The Goldman Sachs Group started coverage on HSBC in a research report on Thursday, March 26th. They set a “buy” rating for the company. BNP Paribas Exane lowered HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Weiss Ratings lowered HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Finally, Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, HSBC currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.