Truist Financial Corp Acquires 1,481 Shares of HSBC Holdings plc (NYSE:HSBC)

Truist Financial Corp raised its position in HSBC Holdings plc (NYSE:HSBC) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,480 shares of the financial services provider’s stock after purchasing an additional 1,481 shares during the quarter. Truist Financial Corp’s holdings in HSBC were worth $1,587,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HSBC. Insight Folios Inc acquired a new stake in shares of HSBC in the first quarter valued at approximately $4,589,000. Stamos Capital Partners L.P. boosted its stake in shares of HSBC by 884.1% during the 1st quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock worth $4,958,000 after buying an additional 113,170 shares during the last quarter. Susquehanna International Securities Ltd. grew its holdings in shares of HSBC by 285.8% in the 1st quarter. Susquehanna International Securities Ltd. now owns 112,583 shares of the financial services provider’s stock valued at $4,431,000 after acquiring an additional 83,403 shares in the last quarter. Natixis Advisors LLC increased its position in shares of HSBC by 22.1% in the second quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after acquiring an additional 74,980 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in HSBC during the second quarter valued at approximately $2,590,000. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 0.2 %

Shares of NYSE:HSBC opened at $44.35 on Friday. The company has a 50-day simple moving average of $43.65 and a 200 day simple moving average of $43.21. The company has a market capitalization of $162.98 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 0.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. HSBC Holdings plc has a 52-week low of $35.30 and a 52-week high of $46.07.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The company had revenue of $16.54 billion during the quarter. Sell-side analysts forecast that HSBC Holdings plc will post 6.22 earnings per share for the current year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Friday, August 16th. HSBC’s dividend payout ratio is presently 34.14%.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, HSBC presently has a consensus rating of “Hold”.

HSBC Company 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.