AMJ Financial Wealth Management Sells 86,589 Shares of HSBC Holdings plc $HSBC

AMJ Financial Wealth Management lowered its holdings in HSBC Holdings plc (NYSE:HSBC) by 72.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,248 shares of the financial services provider’s stock after selling 86,589 shares during the period. AMJ Financial Wealth Management’s holdings in HSBC were worth $2,537,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in HSBC in the 3rd quarter valued at about $26,000. Binnacle Investments Inc boosted its holdings in HSBC by 80.5% in 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. JPL Wealth Management LLC bought a new stake in HSBC in the 3rd quarter valued at about $41,000. Root Financial Partners LLC bought a new stake in HSBC in the 3rd quarter valued at about $43,000. Finally, Cornerstone Planning Group LLC boosted its holdings in HSBC by 30.7% in 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. Institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

Shares of NYSE:HSBC opened at $88.41 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. HSBC Holdings plc has a one year low of $58.14 and a one year high of $94.79. The firm has a 50 day simple moving average of $86.37 and a 200 day simple moving average of $81.73. The company has a market cap of $303.84 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.91 and a beta of 0.56.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The firm had revenue of $19.13 billion during the quarter. Research analysts predict that HSBC Holdings plc will post 8.51 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, May 15th. HSBC’s dividend payout ratio is 147.21%.

Insider Transactions at HSBC

In other HSBC news, insider Daniel Scott Palomaki sold 23,123 shares of the company’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 value of $418,757.53. Following the completion of the transaction, the insider directly owned 4,973 shares in the company, valued at approximately $90,061.03. This represents a 82.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.01% of the company’s stock.

Trending Headlines about HSBC

Here are the key news stories impacting HSBC this week:

• Negative Sentiment: HSBC reportedly paused a $4 billion investment into its private credit funds after taking a $400 million hit linked to a recent collapse in British mortgage lender Market Financial Solutions, raising concerns about risk management and potential further fallout. Reuters article on HSBC pauses $4 billion private credit investment after fraud hit
• Negative Sentiment: The Financial Times report about the pause adds to investor unease around HSBC’s private credit exposure, since the bank had positioned the $4 billion commitment as part of a broader growth push in asset management. Article on HSBC sits on $4 billion in private credit dry powder amid sector turmoil
• Neutral Sentiment: HSBC later said it remains committed to its private credit offerings, which may help limit concerns that the bank is abandoning the strategy altogether. PYMNTS article on HSBC reaffirms $4 billion private credit bet
• Neutral Sentiment: HSBC also announced it will redeem CNH2.75 billion of 2027 notes, a routine capital markets action that is unlikely to materially affect sentiment. TipRanks article on HSBC redeem CNH2.75bn 2027 notes and cancel listings

Analysts Set New Price Targets

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

HSBC Company 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.