HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in HSBC Holdings plc (NYSE:HSBC) by 44.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,890 shares of the financial services provider’s stock after buying an additional 4,547 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in HSBC were worth $648,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HSBC. Dimensional Fund Advisors LP lifted its holdings in shares of HSBC by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after buying an additional 376,641 shares during the period. Raymond James & Associates grew its stake in shares of HSBC by 2.6% during the 2nd quarter. Raymond James & Associates now owns 361,416 shares of the financial services provider’s stock worth $15,722,000 after purchasing an additional 9,323 shares during the period. QRG Capital Management Inc. increased its holdings in shares of HSBC by 19.0% during the 2nd quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock valued at $13,180,000 after purchasing an additional 48,366 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of HSBC by 28.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 176,352 shares of the financial services provider’s stock valued at $6,941,000 after purchasing an additional 39,344 shares during the period. Finally, Promethos Capital LLC boosted its holdings in HSBC by 7.3% during the first quarter. Promethos Capital LLC now owns 163,232 shares of the financial services provider’s stock worth $6,425,000 after buying an additional 11,172 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

HSBC Trading Up 0.9 %

Shares of NYSE:HSBC opened at $43.95 on Friday. The business’s 50 day moving average price is $43.09 and its 200-day moving average price is $42.16. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $45.53. The firm has a market capitalization of $164.85 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.97 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The business had revenue of $16.54 billion for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. On average, equities research analysts forecast that HSBC Holdings plc will post 5.74 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, August 16th. This represents a $2.00 annualized dividend and a yield of 4.55%. HSBC’s dividend payout ratio (DPR) is currently 34.14%.

HSBC Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.