Sanibel Captiva Trust Company Inc. Buys New Holdings in HSBC Holdings plc (NYSE:HSBC)

Sanibel Captiva Trust Company Inc. bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,424 shares of the financial services provider’s stock, valued at approximately $254,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in HSBC by 24.7% in the 1st quarter. GAMMA Investing LLC now owns 9,739 shares of the financial services provider’s stock worth $559,000 after buying an additional 1,929 shares during the period. First Citizens Bank & Trust Co. bought a new position in shares of HSBC in the 1st quarter worth approximately $224,000. Park Avenue Securities LLC raised its position in shares of HSBC by 9.4% in the 1st quarter. Park Avenue Securities LLC now owns 35,749 shares of the financial services provider’s stock worth $2,053,000 after acquiring an additional 3,060 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of HSBC by 30.7% in the 1st quarter. Sivia Capital Partners LLC now owns 9,997 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 2,349 shares in the last quarter. Finally, Foster Group Inc. bought a new position in shares of HSBC in the 1st quarter worth approximately $279,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America reissued a “neutral” rating and issued a $63.00 target price on shares of HSBC in a research report on Tuesday, June 3rd. UBS Group reissued a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen raised HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $63.00.

HSBC Stock Down 0.2%

HSBC stock opened at $59.42 on Thursday. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a market cap of $208.92 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58. The business has a 50 day moving average of $56.01 and a 200 day moving average of $53.81.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.35. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.60 billion. On average, research analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be given a $0.495 dividend. This represents a yield of 3.5%. The ex-dividend date is Friday, May 9th. HSBC’s dividend payout ratio (DPR) is presently 36.33%.

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.