Goldman Sachs Group Inc. Lowers Holdings in HSBC Holdings plc $HSBC

Goldman Sachs Group Inc. decreased its holdings in HSBC Holdings plc (NYSE:HSBC) by 5.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,915,250 shares of the financial services provider’s stock after selling 315,299 shares during the period. Goldman Sachs Group Inc.’s holdings in HSBC were worth $465,353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HSBC. Sivia Capital Partners LLC grew its holdings in HSBC by 19.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,896 shares of the financial services provider’s stock valued at $723,000 after buying an additional 1,899 shares during the period. Invesco Ltd. grew its holdings in HSBC by 22.5% in the 2nd quarter. Invesco Ltd. now owns 7,052 shares of the financial services provider’s stock valued at $429,000 after buying an additional 1,295 shares during the period. Jump Financial LLC purchased a new stake in HSBC in the 2nd quarter valued at about $221,000. Cerity Partners LLC grew its holdings 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 buying an additional 2,940 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in HSBC by 36.7% in the 2nd 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 period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Performance

Shares of HSBC opened at $92.59 on Friday. The business’s 50 day moving average is $89.41 and its two-hundred day moving average is $83.93. HSBC Holdings plc has a 52-week low of $58.14 and a 52-week high of $95.61. The firm has a market cap of $318.22 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.84 and a beta of 0.56. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.52.

HSBC (NYSE:HSBC) last announced its 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 company had revenue of $19.13 billion for the quarter. Analysts forecast that HSBC Holdings plc will post 8.55 EPS for the current fiscal year.

HSBC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 15th. HSBC’s dividend payout ratio is currently 32.46%.

Analyst Ratings Changes

HSBC has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on HSBC in a report on Thursday, March 26th. They set a “buy” rating for the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Thursday, May 14th. BNP Paribas Exane cut HSBC from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Weiss Ratings cut HSBC from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Zacks Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, HSBC currently has a consensus rating of “Hold”.

Insider Activity

In related news, insider Daniel Scott Palomaki sold 23,123 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $18.11, for a total transaction of $418,757.53. Following the sale, the insider directly owned 4,973 shares of the company’s stock, valued at approximately $90,061.03. This represents a 82.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.01% of the company’s stock.

Key HSBC News

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC continues to draw attention for product expansion, including the launch of the RedHex Hybrid Long-Short Fund, which highlights ongoing efforts to grow fee-generating assets and broaden its investment offerings.
• Positive Sentiment: HSBC’s market commentary on sectors like export-led manufacturing and AI suggests the firm sees long-term opportunities in growth themes that could support client activity and fund demand.
• Neutral Sentiment: HSBC Continental Europe issued a post-stabilisation notice related to Sanofi bonds, a routine capital-markets update with little direct impact on the bank’s core earnings outlook. Article Title
• Neutral Sentiment: HSBC also featured in conference and fund-related coverage, including an earnings/strategy transcript and a piece on whether the stock has already run too far after a strong one-year rally; these items mainly reinforce existing investor debate rather than change fundamentals. Article Title
• Negative Sentiment: A Bloomberg Law report saying a whistleblower accused HSBC Bank USA of Sarbanes-Oxley violations could raise compliance and legal-risk concerns for the broader HSBC franchise. Article Title
• Negative Sentiment: Broader market news about tighter offshore banking restrictions in China hit Asia-focused lenders and weighed on sentiment toward HSBC, given the bank’s significant exposure to Asia and China-linked activity. Article Title

HSBC Company Profile

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.