Callaway Golf Co (ELY) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in Callaway Golf Co (NYSE:ELY) by 133.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,212 shares of the company’s stock after purchasing an additional 149,782 shares during the period. Hsbc Holdings PLC owned about 0.28% of Callaway Golf worth $6,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Callaway Golf by 1.3% in the 3rd quarter. BlackRock Inc. now owns 13,212,159 shares of the company’s stock valued at $320,921,000 after purchasing an additional 170,389 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Callaway Golf by 2.9% in the 2nd quarter. Northern Trust Corp now owns 2,184,677 shares of the company’s stock valued at $41,443,000 after purchasing an additional 60,759 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Callaway Golf by 7.0% in the 2nd quarter. Millennium Management LLC now owns 1,894,004 shares of the company’s stock valued at $35,929,000 after purchasing an additional 123,633 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Callaway Golf by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,611,484 shares of the company’s stock valued at $39,143,000 after purchasing an additional 4,130 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Callaway Golf by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,440,229 shares of the company’s stock valued at $27,321,000 after purchasing an additional 106,277 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

NYSE:ELY opened at $16.88 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 2.28. Callaway Golf Co has a one year low of $13.49 and a one year high of $24.67. The company has a market cap of $1.58 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 0.64 and a beta of 1.03.

Callaway Golf (NYSE:ELY) last posted its earnings results on Wednesday, October 24th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.01 by $0.09. Callaway Golf had a net margin of 9.08% and a return on equity of 16.48%. The business had revenue of $262.65 million for the quarter, compared to the consensus estimate of $250.83 million. On average, analysts expect that Callaway Golf Co will post 1.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, November 20th. This represents a $0.04 annualized dividend and a yield of 0.24%. Callaway Golf’s dividend payout ratio is presently 7.55%.

A number of equities research analysts have recently weighed in on ELY shares. ValuEngine downgraded shares of Callaway Golf from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Jefferies Financial Group restated a “buy” rating and issued a $26.00 price target on shares of Callaway Golf in a research note on Monday, October 29th. B. Riley set a $30.00 price target on shares of Callaway Golf and gave the company a “buy” rating in a research note on Sunday, December 2nd. Cowen raised their price target on shares of Callaway Golf from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, September 28th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $27.00 target price on shares of Callaway Golf in a research report on Thursday, September 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $23.91.

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About Callaway Golf

Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories in the United States and internationally. The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

See Also: Debt-To-Equity Ratio

Institutional Ownership by Quarter for Callaway Golf (NYSE:ELY)

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