HSBC Reduces Stake in BorgWarner as Board Approves $1B Buyback
HSBC sold shares of BorgWarner, while AQR Capital Management increased its stake by purchasing additional shares during the quarter. BorgWarner set FY 2026 EPS guidance at 5.050–5.300 and said its board approved a $1.00 billion share buyback allowing repurchases up to 7.7%. The company also declared a quarterly dividend of $0.68 annually and disclosed upcoming payment.