Bell Bank Acquires 19,722 Shares of HSBC Holdings plc (NYSE:HSBC)

Bell Bank raised its holdings in HSBC Holdings plc (NYSE:HSBC) by 42.3% in the 1st quarter, HoldingsChannel reports. The firm owned 66,292 shares of the financial services provider’s stock after acquiring an additional 19,722 shares during the period. HSBC makes up 0.7% of Bell Bank’s investment portfolio, making the stock its 29th largest position. Bell Bank’s holdings in HSBC were worth $2,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HSBC. Segantii Capital Management Ltd purchased a new position in shares of HSBC in the fourth quarter worth about $165,445,000. LMR Partners LLP purchased a new position in shares of HSBC in the fourth quarter worth about $88,615,000. Deutsche Bank AG increased its stake in shares of HSBC by 31,830.5% in the fourth quarter. Deutsche Bank AG now owns 1,330,865 shares of the financial services provider’s stock worth $54,711,000 after purchasing an additional 1,326,697 shares in the last quarter. Millennium Management LLC purchased a new position in shares of HSBC in the fourth quarter worth about $27,975,000. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of HSBC in the fourth quarter worth about $12,954,000. Hedge funds and other institutional investors own 2.49% of the company’s stock.

A number of equities analysts have recently commented on HSBC shares. JPMorgan Chase & Co. restated a “sell” rating on shares of HSBC in a research report on Friday, March 8th. Deutsche Bank restated a “sell” rating on shares of HSBC in a research report on Friday, March 1st. Credit Suisse Group restated a “hold” rating on shares of HSBC in a research report on Friday, February 22nd. ValuEngine upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st. Finally, Bank of America lowered shares of HSBC from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. HSBC has a consensus rating of “Hold” and an average target price of $43.80.

HSBC stock opened at $41.75 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.97 and a quick ratio of 0.97. HSBC Holdings plc has a 12 month low of $38.23 and a 12 month high of $49.64. The company has a market capitalization of $166.84 billion, a PE ratio of 13.25, a PEG ratio of 2.61 and a beta of 0.67.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.08 EPS for the quarter. The firm had revenue of $14.41 billion during the quarter. Equities research analysts predict that HSBC Holdings plc will post 3.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, May 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.00 annualized dividend and a yield of 4.79%. HSBC’s payout ratio is presently 63.49%.

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About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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