Quantinno Capital Management LP Buys 90,711 Shares of HSBC Holdings plc $HSBC

Quantinno Capital Management LP grew its position in shares of HSBC Holdings plc (NYSE:HSBCFree Report) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 525,775 shares of the financial services provider’s stock after purchasing an additional 90,711 shares during the quarter. Quantinno Capital Management LP’s holdings in HSBC were worth $43,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Transamerica Financial Advisors LLC increased its position in shares of HSBC by 287.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider’s stock worth $26,000 after buying an additional 244 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in HSBC in the third quarter valued at $26,000. Binnacle Investments Inc boosted its position in HSBC by 80.5% during the third quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 198 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC during the 1st quarter worth about $41,000. Finally, JPL Wealth Management LLC bought a new position in shares of HSBC in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HSBC shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of HSBC in a research note on Tuesday, June 23rd. Zacks Research downgraded HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Finally, BNP Paribas Exane lowered shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Research Report on HSBC

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Insider Transactions at HSBC

In related news, insider Daniel Scott Palomaki sold 23,123 shares of HSBC stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total value of $418,757.53. Following the completion of the sale, the insider owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. This trade represents a 82.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.01% of the company’s stock.

HSBC Stock Performance

Shares of HSBC stock opened at $102.52 on Thursday. The business has a 50-day simple moving average of $96.03 and a 200 day simple moving average of $89.95. HSBC Holdings plc has a one year low of $60.61 and a one year high of $104.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $352.34 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.92 and a beta of 0.57.

HSBC (NYSE:HSBCGet Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. HSBC had a return on equity of 13.35% and a net margin of 16.06%.The business had revenue of $19.12 billion for the quarter. On average, research analysts anticipate that HSBC Holdings plc will post 8.64 earnings per share for the current fiscal year.

HSBC Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 15th. HSBC’s dividend payout ratio (DPR) is currently 32.46%.

About HSBC

(Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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