HSBC Holdings plc (NYSE:HSBC) Short Interest Update

HSBC Holdings plc (NYSE:HSBC) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 7,830,000 shares, a decline of 7.2% from the July 15th total of 8,440,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the short-interest ratio is currently 5.4 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of HSBC by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider’s stock valued at $471,129,000 after purchasing an additional 376,641 shares during the period. CWM LLC raised its stake in HSBC by 3,518.2% during the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after acquiring an additional 172,920 shares in the last quarter. Insight Folios Inc acquired a new position in HSBC during the 1st quarter worth $4,589,000. Stamos Capital Partners L.P. grew its stake in shares of HSBC by 884.1% in the first quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock worth $4,958,000 after purchasing an additional 113,170 shares in the last quarter. Finally, Susquehanna International Securities Ltd. raised its stake in shares of HSBC by 285.8% during the first quarter. Susquehanna International Securities Ltd. now owns 112,583 shares of the financial services provider’s stock valued at $4,431,000 after purchasing an additional 83,403 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Dbs Bank raised HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

HSBC Stock Performance

HSBC stock opened at $42.72 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. HSBC has a 12 month low of $35.30 and a 12 month high of $45.53. The company has a fifty day moving average price of $43.07 and a two-hundred day moving average price of $41.83. The company has a market cap of $160.22 billion, a PE ratio of 7.36, a P/E/G ratio of 0.92 and a beta of 0.58.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The business had revenue of $16.54 billion during the quarter. Research analysts expect that HSBC will post 5.74 earnings per share for the current year.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, August 16th. HSBC’s dividend payout ratio (DPR) is 34.14%.

About HSBC

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.