HSBC Holdings plc (NYSE:HSBC) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 850,842 shares of the financial services provider's stock after buying an additional 37,781 shares during the period. American Century Companies Inc.'s holdings in HSBC were worth $37,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Richardson Financial Services Inc. acquired a new position in shares of HSBC during the fourth quarter worth about $27,000. Family Firm Inc. acquired a new position in shares of HSBC during the second quarter worth about $36,000. Rise Advisors LLC acquired a new position in shares of HSBC during the first quarter worth about $34,000. RFP Financial Group LLC increased its stake in shares of HSBC by 126.1% during the first quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider's stock worth $41,000 after acquiring an additional 575 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in HSBC during the second quarter worth about $47,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Dbs Bank upgraded shares of 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, three have given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

HSBC Price Performance

HSBC traded up $0.22 on Wednesday, hitting $43.90. 1,172,001 shares of the company were exchanged, compared to its average volume of 1,807,156. HSBC Holdings plc has a fifty-two week low of $35.30 and a fifty-two week high of $45.53. The firm has a market capitalization of $164.66 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. The business's fifty day moving average is $43.07 and its 200 day moving average is $42.48.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The business had revenue of $16.54 billion for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. As a group, sell-side analysts anticipate that HSBC Holdings plc will post 5.74 EPS for the current year.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Friday, August 16th. HSBC's dividend payout ratio is currently 34.14%.

HSBC 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.