Geneva Advisors LLC boosted its stake in HSBC Holdings plc (NYSE:HSBC) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 22,595 shares of the financial services provider’s stock after buying an additional 165 shares during the period. Geneva Advisors LLC’s holdings in HSBC Holdings plc were worth $922,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in HSBC. Enterprise Financial Services Corp boosted its stake in HSBC Holdings plc by 417.0% in the third quarter. Enterprise Financial Services Corp now owns 3,464 shares of the financial services provider’s stock valued at $130,000 after buying an additional 2,794 shares during the period. First Interstate Bank boosted its stake in HSBC Holdings plc by 39.4% in the fourth quarter. First Interstate Bank now owns 3,485 shares of the financial services provider’s stock valued at $140,000 after buying an additional 985 shares during the period. Parallel Advisors LLC purchased a new stake in HSBC Holdings plc during the fourth quarter valued at about $196,000. Pitcairn Co. purchased a new stake in HSBC Holdings plc during the fourth quarter valued at about $204,000. Finally, Wall Street Access Asset Management LLC boosted its stake in HSBC Holdings plc by 1.1% in the fourth quarter. Wall Street Access Asset Management LLC now owns 5,385 shares of the financial services provider’s stock valued at $216,000 after buying an additional 60 shares during the period. 2.22% of the stock is owned by institutional investors and hedge funds.
Shares of HSBC Holdings plc (NYSE:HSBC) traded down 0.28% during midday trading on Friday, reaching $42.68. 1,682,490 shares of the company were exchanged. The stock’s 50-day moving average price is $40.87 and its 200-day moving average price is $40.69. The company has a market capitalization of $166.56 billion, a PE ratio of 129.33 and a beta of 1.05. HSBC Holdings plc has a 52-week low of $28.62 and a 52-week high of $44.18.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 4.69%. HSBC Holdings plc’s dividend payout ratio (DPR) is 81.63%.
Separately, BNP Paribas raised shares of HSBC Holdings plc from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.16.
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
Want to see what other hedge funds are holding HSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HSBC Holdings plc (NYSE:HSBC).