Compound Planning Inc. Buys 6,099 Shares of HSBC Holdings plc $HSBC

Compound Planning Inc. lifted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,634 shares of the financial services provider’s stock after purchasing an additional 6,099 shares during the period. Compound Planning Inc.’s holdings in HSBC were worth $5,871,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HSBC. Fisher Asset Management LLC lifted its holdings in HSBC by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 17,800,748 shares of the financial services provider’s stock worth $1,400,385,000 after buying an additional 402,288 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HSBC by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,575,644 shares of the financial services provider’s stock valued at $750,659,000 after buying an additional 185,073 shares during the period. Morgan Stanley raised its position in shares of HSBC by 15.3% during the fourth quarter. Morgan Stanley now owns 7,483,883 shares of the financial services provider’s stock worth $588,757,000 after acquiring an additional 993,473 shares during the last quarter. Northern Trust Corp lifted its stake in shares of HSBC by 4.7% during the third 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 during the period. Finally, Clearbridge Investments LLC boosted its holdings in HSBC by 77.0% in the fourth quarter. Clearbridge Investments LLC now owns 1,443,716 shares of the financial services provider’s stock valued at $113,577,000 after acquiring an additional 627,857 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Insider Transactions at HSBC

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the completion of the transaction, the insider owned 4,973 shares in the company, valued at approximately $90,061.03. The trade was a 82.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HSBC shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a report on Thursday, May 14th. Weiss Ratings lowered shares of HSBC from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group began coverage on shares of HSBC in a research report on Thursday, March 26th. They set a “buy” rating for the company. Zacks Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, BNP Paribas Exane lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, HSBC has an average rating of “Hold”.

HSBC Stock Down 0.2%

Shares of HSBC stock opened at $95.07 on Friday. The business has a fifty day simple moving average of $91.28 and a 200 day simple moving average of $85.49. The stock has a market cap of $326.72 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.85 and a beta of 0.56. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52. HSBC Holdings plc has a 12 month low of $58.14 and a 12 month high of $96.63.

HSBC (NYSE:HSBC) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $19.12 billion for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%. Research analysts predict that HSBC Holdings plc will post 8.6 EPS for the current year.

HSBC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors 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 dividend payout ratio (DPR) is presently 32.46%.

About HSBC

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.