Allspring Global Investments Holdings LLC Acquires 2,714 Shares of HSBC Holdings plc (NYSE:HSBC)

Allspring Global Investments Holdings LLC lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 14.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,055 shares of the financial services provider’s stock after purchasing an additional 2,714 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HSBC were worth $1,034,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in shares of HSBC during the fourth quarter worth $25,000. Larson Financial Group LLC boosted its holdings in HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 450 shares during the last quarter. Brooklyn Investment Group bought a new position in HSBC in the fourth quarter valued at about $49,000. Allworth Financial LP boosted its holdings in HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 397 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in HSBC by 116.2% in the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 805 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HSBC shares. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd.

HSBC Trading Up 0.2 %

NYSE:HSBC opened at $56.07 on Monday. HSBC Holdings plc has a 1-year low of $36.93 and a 1-year high of $57.08. The business’s 50-day moving average price is $51.26 and its two-hundred day moving average price is $47.18. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $200.81 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.84%. The ex-dividend date is Friday, March 7th. HSBC’s dividend payout ratio is currently 31.94%.

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.