QRG Capital Management Inc. Boosts Holdings in HSBC Holdings plc $HSBC

QRG Capital Management Inc. boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 13.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,385 shares of the financial services provider’s stock after purchasing an additional 31,191 shares during the quarter. QRG Capital Management Inc.’s holdings in HSBC were worth $25,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bleakley Financial Group LLC bought a new stake in shares of HSBC in the fourth quarter worth about $988,000. Quantinno Capital Management LP lifted its position in shares of HSBC by 20.9% in the first quarter. Quantinno Capital Management LP now owns 525,775 shares of the financial services provider’s stock worth $43,371,000 after buying an additional 90,711 shares in the last quarter. Prospera Financial Services Inc boosted its stake in HSBC by 41.1% during the fourth quarter. Prospera Financial Services Inc now owns 51,238 shares of the financial services provider’s stock valued at $4,032,000 after buying an additional 14,933 shares during the last quarter. Bessemer Group Inc. grew its holdings in HSBC by 1,921.0% during the 1st quarter. Bessemer Group Inc. now owns 38,056 shares of the financial services provider’s stock valued at $3,139,000 after buying an additional 36,173 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in HSBC by 134.4% during the 1st quarter. Keybank National Association OH now owns 39,060 shares of the financial services provider’s stock valued at $3,222,000 after buying an additional 22,398 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HSBC. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of HSBC in a report on Tuesday, June 23rd. Weiss Ratings restated a “hold (c)” rating on shares of HSBC in a research report on Monday, August 3rd. Wall Street Zen raised shares of HSBC from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, August 17th. Finally, Erste Group Bank cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Key Stories Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC remains “max overweight” on equities and continues to favor technology stocks in the U.S. and Asia, as well as European banks. Strategists dismissed concerns about seasonality, the Japanese carry trade and hyperscaler debt issuance, signaling confidence in the broader market backdrop. HSBC says it’s still max overweight on equities
• Positive Sentiment: The bank raised its year-end STOXX 600 target to 680 and its FTSE 100 target to 11,390, citing stronger earnings expectations, improved business confidence and reduced geopolitical concerns. This could support HSBC’s investment-banking and asset-management businesses. HSBC lifts STOXX 600 year-end target
• Positive Sentiment: HSBC continued its share-buyback program, retiring more than 42 million shares, including approximately $827 million of purchases across the U.K. and Hong Kong. Ongoing repurchases can support earnings per share and signal management’s confidence in capital generation. HSBC advances global share buyback
• Positive Sentiment: HSBC is expanding its Singapore Premier global education offering, while its trust and fiduciary-services assets have risen 40% over five years. These developments point to continued growth in wealth-management and fee-based businesses. HSBC Singapore expands Premier education offering
• Neutral Sentiment: HSBC issued €3.75 billion of senior euro notes. The financing supports liquidity and balance-sheet flexibility but also adds wholesale funding obligations. HSBC raises senior euro notes
• Negative Sentiment: Reports that HSBC is introducing new customer charges and addressing card faults may create limited reputational risk and customer dissatisfaction, although the financial impact is not yet clear. HSBC confirms customer changes and new costs

HSBC Trading Down 1.3%

Shares of HSBC stock traded down $1.35 on Wednesday, reaching $100.24. The company had a trading volume of 1,462,215 shares, compared to its average volume of 1,779,482. The firm has a market cap of $344.20 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.98 and a beta of 0.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.85 and a quick ratio of 0.92. The firm’s 50-day moving average price is $103.57 and its two-hundred day moving average price is $94.71. HSBC Holdings plc has a 1 year low of $64.64 and a 1 year high of $107.92.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.01. The company had revenue of $19.04 billion for the quarter, compared to analyst estimates of $18.66 billion. HSBC had a return on equity of 13.80% and a net margin of 18.19%. As a group, research analysts predict that HSBC Holdings plc will post 8.56 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. HSBC’s dividend payout ratio is currently 28.09%.

HSBC Company Profile

HSBC Holdings plc is a global banking and financial services organization headquartered in London. Through its subsidiaries and network, the company provides services to personal, commercial and institutional customers, with a particular focus on connecting businesses and investors across international markets.

HSBC’s principal activities include retail and wealth banking, commercial banking, global banking and markets, and private banking. Its products and services include current and savings accounts, mortgages, credit and lending, wealth management, investment services, foreign exchange, trade finance, cash management, and capital-markets services.

The company traces its origins to The Hongkong and Shanghai Banking Corporation, which was established in 1865 to finance trade between Asia and Europe.