LSV Asset Management Sells 6,072 Shares of HSBC Holdings plc $HSBC

LSV Asset Management trimmed its position in shares of HSBC Holdings plc (NYSE:HSBC) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,828 shares of the financial services provider’s stock after selling 6,072 shares during the period. LSV Asset Management’s holdings in HSBC were worth $2,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HSBC. Sivia Capital Partners LLC increased its stake in HSBC by 19.0% during the second quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 1,899 shares during the period. Invesco Ltd. increased its stake in HSBC by 22.5% during the second quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 1,295 shares during the period. Jump Financial LLC bought a new position in HSBC during the second quarter valued at about $221,000. Cerity Partners LLC increased its stake in HSBC by 3.1% during the second quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after acquiring an additional 2,940 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in HSBC by 36.7% during the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock valued at $22,223,000 after acquiring an additional 98,048 shares during the period. 1.48% of the stock is currently owned by institutional investors.

HSBC Stock Up 1.8%

Shares of HSBC opened at $93.69 on Wednesday. The company has a market capitalization of $321.99 billion, a P/E ratio of 15.36, a PEG ratio of 0.92 and a beta of 0.56. 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 business’s 50 day simple moving average is $87.42 and its 200-day simple moving average is $82.87.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share 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. As a group, sell-side analysts predict that HSBC Holdings plc will post 8.54 EPS for the current fiscal year.

HSBC Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, May 15th. HSBC’s payout ratio is 32.46%.

HSBC News Roundup

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC raised A$1.4 billion through a multi-tranche senior unsecured note offering, signaling continued access to funding and strong investor demand for its debt. HSBC Raises A$1.4bn in Multi-Tranche Senior Unsecured Note Offering
• Positive Sentiment: Bank of Communications renewed its interbank transactions framework with HSBC, supporting ongoing commercial relationships and cross-border banking activity. Bank of Communications Renews Interbank Transactions Framework with HSBC
• Positive Sentiment: HSBC’s Australia unit reportedly nearly doubled profit, a sign that some regional operations are performing well and could help offset slower growth elsewhere. HSBC Australia nearly doubles profit
• Positive Sentiment: HSBC continued highlighting growth initiatives, including a $4 billion clean energy credit facility and a focus on financing green firms in Asia, which may support longer-term fee and lending growth. HSBC launches 4 billion clean energy credit facility
• Neutral Sentiment: HSBC management has been emphasizing AI adoption and workforce transition, which could improve efficiency over time but also signals structural change in banking jobs. HSBC CEO Urges Staff Not to Resist AI as Banking Roles Evolve
• Neutral Sentiment: HSBC also appeared in analyst/investor-day commentary and broader market articles, but these items do not add a clear near-term catalyst for the shares. HSBC Holdings plc Analyst/Investor Day Prepared Remarks Transcript

Insiders Place Their Bets

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 value of $418,757.53. Following the completion of the transaction, the insider owned 4,973 shares in the company, valued at $90,061.03. The trade was a 82.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.01% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.