TD Waterhouse Canada Inc. Buys 103,381 Shares of HSBC Holdings plc $HSBC

TD Waterhouse Canada Inc. increased its stake in HSBC Holdings plc (NYSE:HSBC) by 476.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,095 shares of the financial services provider’s stock after purchasing an additional 103,381 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in HSBC were worth $11,999,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC lifted its holdings in shares of HSBC by 287.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock valued at $26,000 after buying an additional 244 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of HSBC in the third quarter worth $26,000. Binnacle Investments Inc increased its position in HSBC by 80.5% during the third quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 198 shares during the last quarter. Ballast Advisors LLC bought a new position in HSBC in the first quarter valued at about $36,000. Finally, Western Wealth Management LLC purchased a new position in HSBC in the first quarter worth about $37,000. Institutional investors own 1.48% of the company’s stock.

HSBC News Summary

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Share buyback continues: HSBC is advancing its global repurchase program with additional purchases in the United Kingdom and Hong Kong. Buying and canceling shares can support earnings per share and signal management confidence, providing a positive catalyst for the stock. HSBC Advances Share Buy-Back With Further UK and Hong Kong Repurchases HSBC Advances Global Share Buy-Back With UK and Hong Kong Purchases
• Positive Sentiment: India lending opportunity: HSBC is among banks offering semi-fixed home loans to deploy surplus liquidity. The products may help protect lending margins while interest rates remain uncertain and could support loan growth. HSBC’s India Services PMI also rose to 54.1 in August, indicating continued expansion in a key growth market. Banks Offer Semi-Fixed Loans to Deploy Surplus Liquidity HSBC India Services PMI Rises to 54.1
• Neutral Sentiment: Stable regional outlook: An HSBC economist expects the Indian rupee to remain in a 94–95.5 range over the next month and does not anticipate a sharp slowdown, suggesting a relatively stable operating backdrop. Rupee Outlook and HSBC Economist Commentary
• Negative Sentiment: Valuation warning: Shore Capital maintained a “sell” rating, arguing HSBC’s valuation already reflects its favorable outlook and leaves little room for disappointment. Its 1,335p target implies approximately 13% downside for the London-listed shares. HSBC Shares Carry Sell Rating
• Negative Sentiment: Housing risk: HSBC reportedly expects Australian house prices to fall 13% if interest rates rise further, highlighting potential risks to mortgage portfolios and broader economic conditions. HSBC Tips 13 Percent House Price Decline

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of HSBC in a research report on Tuesday, June 23rd. Royal Bank Of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, August 17th. Wall Street Zen raised shares of HSBC from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. BNP Paribas Exane downgraded shares of HSBC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Erste Group Bank downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

HSBC Stock Up 0.6%

HSBC stock opened at $107.13 on Friday. The business’s 50-day moving average price is $102.00 and its 200-day moving average price is $93.41. The stock has a market cap of $368.17 billion, a P/E ratio of 15.20, a PEG ratio of 1.02 and a beta of 0.57. The company has a quick ratio of 0.92, a current ratio of 0.85 and a debt-to-equity ratio of 0.67. HSBC Holdings plc has a twelve month low of $64.64 and a twelve month high of $107.92.

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

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, August 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th. HSBC’s dividend payout ratio (DPR) is presently 28.09%.

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.