Engineers Gate Manager LP bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,403 shares of the financial services provider’s stock, valued at approximately $4,412,000.
A number of other institutional investors also recently bought and sold shares of the stock. Sivia Capital Partners LLC grew its holdings in shares of HSBC by 19.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 1,899 shares during the period. Invesco Ltd. increased its holdings in shares of HSBC by 22.5% during the second quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 1,295 shares in the last quarter. Jump Financial LLC purchased a new position in HSBC in the second quarter worth about $221,000. Cerity Partners LLC lifted its position in HSBC by 3.1% in the 2nd quarter. Cerity Partners LLC now owns 98,708 shares of the financial services provider’s stock valued at $6,000,000 after acquiring an additional 2,940 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of HSBC by 36.7% during the second quarter. Qube Research & Technologies Ltd now owns 365,570 shares of the financial services provider’s stock valued at $22,223,000 after buying an additional 98,048 shares during the last quarter. 1.48% of the stock is owned by institutional investors.
More HSBC News
Here are the key news stories impacting HSBC this week:
- Positive Sentiment: Share buyback continues: HSBC reported additional repurchases and cancellations under its global, cross-market buyback program. Fewer shares outstanding can support earnings per share and signal management’s confidence in the bank’s capital position. HSBC Advances Cross-Market Share Buy-Back
- Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its FY2027 EPS forecast to $9.50 from $9.40, reinforcing the outlook for continued earnings growth. The analyst nevertheless retains a “Hold” rating. HSBC’s latest quarter also modestly exceeded consensus for both EPS and revenue.
- Positive Sentiment: Germany restructuring may improve efficiency: HSBC plans to eliminate about 320 positions by 2028 as it winds down parts of its German operations and reallocates resources toward higher-growth businesses. Cost savings and a simpler structure could support profitability over time. HSBC Germany Pullback
- Neutral Sentiment: Capital raising: HSBC issued ¥54.3 billion of senior unsecured callable bonds in three tranches. The transaction strengthens funding flexibility but also adds debt and interest obligations. HSBC Bond Issue
- Neutral Sentiment: Management changes in India: HSBC is moving senior executive Rajat Mishra to London, while Sanghvi will lead its India markets business. The changes appear strategic, but no immediate financial impact was disclosed. HSBC India Management Changes
- Negative Sentiment: CFO succession uncertainty: Pam Kaur, HSBC’s first female CFO, plans to step down in 2027. Her departure creates execution and continuity risk until a successor and transition timetable are established, contributing to negative investor reaction. Pam Kaur to Step Down
- Negative Sentiment: Subsidiary regulatory penalty: Canara HSBC Life Insurance was fined ₹1 crore by India’s insurance regulator over policyholder-interest lapses. The issue concerns the subsidiary rather than HSBC’s core banking operations, limiting the direct financial impact but adding compliance risk.
Analyst Ratings Changes
Check Out Our Latest Report on HSBC
HSBC Price Performance
NYSE HSBC opened at $105.31 on Friday. HSBC Holdings plc has a 12-month low of $64.64 and a 12-month high of $107.92. The firm’s fifty day simple moving average is $102.97 and its two-hundred day simple moving average is $94.06. The company has a current ratio of 0.85, a quick ratio of 0.92 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $361.63 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.00 and a beta of 0.57.
HSBC (NYSE:HSBC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.01. HSBC had a return on equity of 13.80% and a net margin of 18.19%.The firm had revenue of $19.04 billion during the quarter, compared to analysts’ expectations of $18.66 billion. Analysts forecast that HSBC Holdings plc will post 8.56 EPS for the current fiscal year.
HSBC Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, August 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 14th. HSBC’s dividend payout ratio (DPR) is currently 28.09%.
HSBC Company Profile
HSBC Holdings plc is a global banking and financial services organization headquartered in London. Through its subsidiaries and network, the company provides services to personal, commercial and institutional customers, with a particular focus on connecting businesses and investors across international markets.
HSBC’s principal activities include retail and wealth banking, commercial banking, global banking and markets, and private banking. Its products and services include current and savings accounts, mortgages, credit and lending, wealth management, investment services, foreign exchange, trade finance, cash management, and capital-markets services.
The company traces its origins to The Hongkong and Shanghai Banking Corporation, which was established in 1865 to finance trade between Asia and Europe.
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