HSBC Holdings plc $HSBC Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in HSBC Holdings plc (NYSE:HSBC) by 1,272.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 909,464 shares of the financial services provider’s stock after buying an additional 843,186 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in HSBC were worth $71,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HSBC. Measured Wealth Private Client Group LLC acquired a new stake in HSBC in the third quarter valued at $26,000. Binnacle Investments Inc raised its stake in shares of HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after buying an additional 198 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of HSBC during the 3rd quarter worth $41,000. Root Financial Partners LLC acquired a new position in shares of HSBC during the 3rd quarter worth $43,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of HSBC by 30.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 498 shares of the financial services provider’s stock worth $43,000 after buying an additional 117 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Trading Up 0.0%

Shares of HSBC stock opened at $88.41 on Monday. The firm has a 50-day moving average price of $86.37 and a 200 day moving average price of $81.83. HSBC Holdings plc has a twelve month low of $58.14 and a twelve month high of $94.79. The company has a market capitalization of $303.84 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.89 and a beta of 0.56. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52.

HSBC (NYSE:HSBC) last announced its earnings results 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. Research analysts forecast that HSBC Holdings plc will post 8.51 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a yield of 2.3%. HSBC’s payout ratio is presently 32.46%.

Wall Street Analysts Forecast Growth

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

More HSBC News

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

Insiders Place Their Bets

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $90,061.03. The trade was a 82.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.01% of the company’s stock.

HSBC 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.