Afam Capital Inc. Has $2.46 Million Stake in HSBC Holdings PLC (HSBC)

Afam Capital Inc. grew its stake in shares of HSBC Holdings PLC (NYSE:HSBC) by 13.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,942 shares of the financial services provider’s stock after acquiring an additional 6,400 shares during the quarter. Afam Capital Inc.’s holdings in HSBC Holdings PLC were worth $2,456,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Stellar Capital Management LLC increased its holdings in shares of HSBC Holdings PLC by 1.4% during the second quarter. Stellar Capital Management LLC now owns 67,620 shares of the financial services provider’s stock valued at $3,137,000 after acquiring an additional 960 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of HSBC Holdings PLC by 127.3% during the second quarter. Scotia Capital Inc. now owns 26,719 shares of the financial services provider’s stock valued at $1,239,000 after acquiring an additional 14,966 shares in the last quarter. Assetmark Inc. increased its holdings in shares of HSBC Holdings PLC by 88.4% during the second quarter. Assetmark Inc. now owns 170,972 shares of the financial services provider’s stock valued at $7,931,000 after acquiring an additional 80,244 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of HSBC Holdings PLC by 21.0% during the second quarter. Quadrant Capital Group LLC now owns 8,323 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 1,447 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of HSBC Holdings PLC by 89.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,139 shares in the last quarter. Hedge funds and other institutional investors own 2.23% of the company’s stock.

HSBC Holdings PLC (NYSE:HSBC) remained flat at $49.23 during midday trading on Friday. 1,509,260 shares of the stock traded hands. HSBC Holdings PLC has a 52-week low of $36.93 and a 52-week high of $50.86. The stock has a market cap of $199.57 billion, a P/E ratio of 100.47 and a beta of 0.87. The company’s 50 day moving average price is $48.80 and its 200-day moving average price is $45.75.

HSBC Holdings PLC (NYSE:HSBC) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $13.17 billion for the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. Equities research analysts anticipate that HSBC Holdings PLC will post $2.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, August 4th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, August 2nd. HSBC Holdings PLC’s dividend payout ratio is presently 400.01%.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/15/afam-capital-inc-has-2-46-million-stake-in-hsbc-holdings-plc-hsbc.html.

Several equities analysts have recently weighed in on HSBC shares. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, August 2nd. Final

Several other large investors also recently modified their holdings of the company. Stellar Capital Management LLC increased its holdings in shares of HSBC Holdings PLC by 1.4% during the second quarter. Stellar Capital Management LLC now owns 67,620 shares of the financial services provider’s stock valued at $3,137,000 after acquiring an additional 960 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of HSBC Holdings PLC by 127.3% during the second quarter. Scotia Capital Inc. now owns 26,719 shares of the financial services provider’s stock valued at $1,239,000 after acquiring an additional 14,966 shares in the last quarter. Assetmark Inc. increased its holdings in shares of HSBC Holdings PLC by 88.4% during the second quarter. Assetmark Inc. now owns 170,972 shares of the financial services provider’s stock valued at $7,931,000 after acquiring an additional 80,244 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of HSBC Holdings PLC by 21.0% during the second quarter. Quadrant Capital Group LLC now owns 8,323 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 1,447 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of HSBC Holdings PLC by 89.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,139 shares in the last quarter. Hedge funds and other institutional investors own 2.23% of the company’s stock.

HSBC Holdings PLC (NYSE:HSBC) remained flat at $49.23 during midday trading on Friday. 1,509,260 shares of the stock traded hands. HSBC Holdings PLC has a 52-week low of $36.93 and a 52-week high of $50.86. The stock has a market cap of $199.57 billion, a P/E ratio of 100.47 and a beta of 0.87. The company’s 50 day moving average price is $48.80 and its 200-day moving average price is $45.75.

HSBC Holdings PLC (NYSE:HSBC) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $13.17 billion for the quarter. HSBC Holdings PLC had a return on equity of 2.08% and a net margin of 1.42%. Equities research analysts anticipate that HSBC Holdings PLC will post $2.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, August 4th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, August 2nd. HSBC Holdings PLC’s dividend payout ratio is presently 400.01%.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/15/afam-capital-inc-has-2-46-million-stake-in-hsbc-holdings-plc-hsbc.html.

Several equities analysts have recently weighed in on HSBC shares. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC assumed coverage on HSBC Holdings PLC in a report on Monday, September 4th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $36.00.

About HSBC Holdings PLC

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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Institutional Ownership by Quarter for HSBC Holdings PLC (NYSE:HSBC)

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