Ritholtz Wealth Management Purchases 5,748 Shares of HSBC Holdings plc $HSBC

Ritholtz Wealth Management raised its position in shares of HSBC Holdings plc (NYSE:HSBC) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 194,611 shares of the financial services provider’s stock after purchasing an additional 5,748 shares during the quarter. Ritholtz Wealth Management’s holdings in HSBC were worth $19,327,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HSBC. First Command Advisory Services Inc. increased its position in shares of HSBC by 204.0% during the third quarter. First Command Advisory Services Inc. now owns 10,754 shares of the financial services provider’s stock valued at $1,068,000 after acquiring an additional 7,216 shares in the last quarter. Lido Advisors LLC raised its holdings in HSBC by 12.7% in the 3rd quarter. Lido Advisors LLC now owns 11,329 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 1,277 shares during the last quarter. Keybank National Association OH lifted its position in HSBC by 2.0% in the 3rd quarter. Keybank National Association OH now owns 52,292 shares of the financial services provider’s stock valued at $5,193,000 after acquiring an additional 1,030 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in HSBC by 3.9% in the 3rd quarter. Gryphon Financial Partners LLC now owns 14,365 shares of the financial services provider’s stock valued at $1,427,000 after acquiring an additional 542 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in HSBC during the 3rd quarter valued at $253,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC News Summary

These are some of the HSBC news items that stood out recently:

• Positive Sentiment: HSBC UK is partnering with Stripe on a smartphone tap-to-pay service for eligible small-business customers. The offering could improve customer convenience and help HSBC compete for small-business relationships, though its financial contribution is not yet clear. HSBC Turns to Stripe for Small Business Tap-to-Pay Offering
• Neutral Sentiment: HSBC plans to open its new London headquarters in March or April 2027. The report provides no cost or financial-impact details. HSBC to open new London HQ in March or April 2027
• Negative Sentiment: A report says an HSBC Sharia-compliant fund will exclude arms companies following investments in firms linked to Israel’s military. The issue could bring reputational scrutiny, although the reported policy change may address some concerns. HSBC fund to exclude arms companies

HSBC Price Performance

NYSE HSBC opened at $90.21 on Thursday. The stock has a market capitalization of $309.28 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.99 and a beta of 0.56. HSBC Holdings plc has a 1-year low of $67.56 and a 1-year high of $107.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.89 and a quick ratio of 0.89. The business’s fifty day moving average price is $95.98 and its 200-day moving average price is $93.54.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $2.10 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.10). The firm had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.98 billion. HSBC had a return on equity of 14.33% and a net margin of 19.59%. On average, equities analysts predict that HSBC Holdings plc will post 8.41 earnings per share for the current year.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, November 6th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 6th. HSBC’s dividend payout ratio (DPR) is presently 25.71%.

Wall Street Analyst Weigh In

A number of research firms have commented on HSBC. JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a report on Thursday, August 6th. Keefe, Bruyette & Woods downgraded HSBC from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 13th. Erste Group Bank cut HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Wall Street Zen upgraded HSBC from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Weiss Ratings raised HSBC from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.00.

About HSBC

HSBC Holdings plc is a global banking and financial services company serving individuals, businesses, institutions and governments. Its services include personal and commercial banking, wealth management, private banking, and corporate and investment banking. The company provides products such as deposit accounts, lending, payments, trade finance, foreign exchange and investment services. Its international network supports clients with cross-border banking and financial needs. HSBC traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to finance trade in Asia.