Dimensional Fund Advisors LP has recently announced that it has increased stake in HSBC Holdings plc (NYSE:HSBC) by 4.16%. After grabbing 10.96 million shares, the institutional investor is now in possession of 0.44 million shares of the Financial Company. The new investment brought the stake of investor firm to 0.28% having worth around $458.12 million. Moreover, Lazard Asset Management LLC increased its share by 1.36 million to have a control over 4.42 million shares. And Parametric Portfolio Associates L raised its holdings to 0.44 million shares by acquiring 4.39 million shares or 0.11% of the stake.
HSBC Holdings plc (HSBC) concluded trading on 09/14/23 at a closing price of $39.37, with 2.56 million shares of worth about $100.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.51% during that period and on Thursday the price saw a gain of about 2.15%. Currently the company’s common shares owned by public are about 3.94B shares, out of which, 3.89B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the HSBC stock and their offered price forecasts bring an average price target of $49.31. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $52.92 and could fall to a lowest price of $45.70. The stock’s current price level is 20.16% above of average price target set by the analysts, while a rise to estimated low would result in gain of 13.85% for the stock. However, touching the estimated high of $52.92 would mean a gain of 25.6% for the stock.
DFA International Core Equity Por, DFA International Value Series, and Dimensional International Value E are the top 3 mutual funds which are holding stakes in HSBC Holdings plc DFA International Core Equity Por is currently holding 3.04 million shares of worth totaling $126.85 million. The company recently came buying 0.0 shares which brought its stake up to 0.08% of the company’s outstanding shares. Dimensional International Value E, after buying 2.01 million shares, have now control over 0.05% of the stake in the company. It holds 0.0 shares of worth $84.08 million.
HSBC Holdings plc (NYSE: HSBC) started trading at $39.28, above $0.74 from concluding price of the previous day. However, the stock later moved at a day high price of 39.53, or with a gain of 2.15%. Stock saw a price change of 6.78% in past 5 days and over the past one month there was a price change of 1.94%. Year-to-date (YTD), HSBC shares are showing a performance of 26.35% which increased to 29.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.77 but also hit the highest price of $42.47 during that period. The average intraday trading volume for HSBC Holdings plc shares is 1.62 million. The stock is currently trading 4.65% above its 20-day simple moving average (SMA20), while that difference is down -0.12% for SMA50 and it goes to 7.69% higher than SMA200.
Dimensional Fund Advisors LP acquired 10.96 million shares of HSBC Holdings plc having value of about $458.12 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 0.44 million shares in the company valued at close to $17251185.97, or have control over 4.16% stake in the company. HSBC Holdings plc (NYSE: HSBC) currently have 3.94B outstanding shares and institutions hold larger chunk of about 1.40% of that. Holding of mutual funds in the company is about 0.35% while other institutional holders and individual stake holders have control over 1.21% and — of the stake respectively.
The stock has a current market capitalization of $152.93B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 6.65, while it has posted earnings per share of $5.92 in the same period. Its PEG reads 0.30 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HSBC, volatility over the week remained 0.95% while standing at 1.00% over the month.
Analysts are in expectations that HSBC Holdings plc (HSBC) stock would likely to be making an EPS of $Hub Cyber Security Ltd. in the current quarter, while forecast for next quarter EPS is $0.30 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $HSBC HOLDINGS which is $Henry Schein, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $HSBC HOLDINGS PLC ORD $0.50 (UK in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.40%. EPS is likely to grow at an annualized rate of 21.90% for next 5-years, compared to annual growth of 6.30% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the HSBC Holdings plc (HSBC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.