AR Asset Management Inc. Continues to Hold Position in HSBC Holdings plc (HSBC)

AR Asset Management Inc. continued to hold its stake in shares of HSBC Holdings plc (NYSE:HSBC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,780 shares of the financial services provider’s stock at the end of the first quarter. AR Asset Management Inc.’s holdings in HSBC Holdings plc were worth $522,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. First Interstate Bank raised its stake in shares of HSBC Holdings plc by 39.4% in the fourth quarter. First Interstate Bank now owns 3,485 shares of the financial services provider’s stock worth $140,000 after buying an additional 985 shares during the period. Toronto Dominion Bank raised its stake in shares of HSBC Holdings plc by 11.4% in the first quarter. Toronto Dominion Bank now owns 3,919 shares of the financial services provider’s stock worth $160,000 after buying an additional 400 shares during the period. Parallel Advisors LLC bought a new position in shares of HSBC Holdings plc during the fourth quarter worth $196,000. Hodges Capital Management Inc. bought a new position in shares of HSBC Holdings plc during the first quarter worth $205,000. Finally, Pitcairn Co. bought a new position in shares of HSBC Holdings plc during the fourth quarter worth $204,000. Hedge funds and other institutional investors own 2.22% of the company’s stock.

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

Shares of HSBC Holdings plc (NYSE:HSBC) traded up 0.53% during trading on Friday, hitting $43.35. 1,857,552 shares of the company’s stock were exchanged. HSBC Holdings plc has a 1-year low of $28.62 and a 1-year high of $44.44. The stock’s 50 day moving average is $41.64 and its 200 day moving average is $41.09. The firm has a market capitalization of $169.61 billion, a PE ratio of 321.11 and a beta of 1.05. HSBC Holdings plc also was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 32,072 call options on the company. This is an increase of 1,449% compared to the average daily volume of 2,070 call options.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, May 19th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Wednesday, May 17th. HSBC Holdings plc’s dividend payout ratio (DPR) is presently 81.63%.

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HSBC has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of HSBC Holdings plc from a “neutral” rating to an “outperform” rating in a report on Thursday, January 19th. Zacks Investment Research upgraded shares of HSBC Holdings plc from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, May 11th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.87.

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.

12 Month Chart for NYSE:HSBC

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