Keybank National Association OH Increases Stake in HSBC Holdings plc $HSBC

Keybank National Association OH grew its stake in HSBC Holdings plc (NYSE:HSBCFree Report) by 77.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,662 shares of the financial services provider’s stock after buying an additional 7,282 shares during the quarter. Keybank National Association OH’s holdings in HSBC were worth $1,311,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wedbush Securities Inc. raised its stake in shares of HSBC by 101.3% in the 3rd quarter. Wedbush Securities Inc. now owns 26,822 shares of the financial services provider’s stock valued at $1,904,000 after acquiring an additional 13,495 shares in the last quarter. Foresight Global Investors Inc. bought a new position in HSBC in the 3rd quarter worth approximately $12,810,000. American Century Companies Inc. increased its position in HSBC by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 1,311,820 shares of the financial services provider’s stock worth $93,113,000 after buying an additional 168,438 shares during the period. Y Intercept Hong Kong Ltd increased its position in HSBC by 63.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 49,410 shares of the financial services provider’s stock worth $3,507,000 after buying an additional 19,176 shares during the period. Finally, Dynasty Wealth Management LLC bought a new position in HSBC in the 3rd quarter worth approximately $1,563,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

HSBC opened at $92.05 on Friday. The stock has a market cap of $316.35 billion, a PE ratio of 15.21, a P/E/G ratio of 0.89 and a beta of 0.56. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. HSBC Holdings plc has a 1 year low of $56.21 and a 1 year high of $94.79. The stock’s 50 day simple moving average is $86.35 and its 200-day simple moving average is $80.25.

HSBC (NYSE:HSBCGet Free Report) last released its quarterly earnings data on Saturday, February 14th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter. The business had revenue of $17.70 billion for the quarter. HSBC had a return on equity of 13.10% and a net margin of 16.07%. Sell-side analysts forecast that HSBC Holdings plc will post 8.48 EPS for the current year.

HSBC Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, March 13th were paid a $2.25 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $9.00 annualized dividend and a yield of 9.8%. This is a positive change from HSBC’s previous quarterly dividend of $0.50. HSBC’s payout ratio is presently 148.43%.

More HSBC News

Here are the key news stories impacting HSBC this week:

Analysts Set New Price Targets

HSBC has been the topic of several recent analyst reports. Zacks Research raised HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. BNP Paribas Exane downgraded HSBC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research report on Friday, January 9th. Weiss Ratings downgraded HSBC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 10th. Finally, The Goldman Sachs Group initiated coverage on HSBC in a research report on Thursday, March 26th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Read Our Latest Report on HSBC

About HSBC

(Free Report)

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.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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