Vanguard Personalized Indexing Management LLC Increases Stake in HSBC Holdings plc (NYSE:HSBC)

Vanguard Personalized Indexing Management LLC lifted its position in HSBC Holdings plc (NYSE:HSBC) by 23.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,273 shares of the financial services provider’s stock after buying an additional 15,513 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in HSBC were worth $3,535,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HSBC. Mission Wealth Management LP lifted its position in HSBC by 21.5% in the 1st quarter. Mission Wealth Management LP now owns 6,311 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 1,115 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of HSBC during the first quarter valued at $203,000. Pitcairn Co. bought a new stake in HSBC in the 1st quarter worth about $567,000. Insight Folios Inc purchased a new position in HSBC in the 1st quarter worth about $4,589,000. Finally, Founders Financial Securities LLC bought a new position in HSBC during the 1st quarter valued at about $684,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Up 1.8 %

HSBC stock opened at $44.72 on Friday. The stock has a market cap of $167.74 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.94 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. The stock has a fifty day moving average of $43.10 and a 200 day moving average of $42.49. HSBC Holdings plc has a one year low of $35.30 and a one year high of $45.53.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. The firm 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%. As a group, sell-side analysts predict that HSBC Holdings plc will post 5.74 EPS for the current year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.47%. HSBC’s dividend payout ratio is currently 34.14%.

Wall Street Analysts Forecast Growth

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

About HSBC

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.