Arrowstreet Capital Limited Partnership Takes Position in HSBC Holdings plc (NYSE:HSBC)

Arrowstreet Capital Limited Partnership bought a new stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,832 shares of the financial services provider's stock, valued at approximately $3,998,000.

A number of other large investors have also bought and sold shares of the stock. Berbice Capital Management LLC bought a new stake in shares of HSBC in the fourth quarter worth about $25,000. Venturi Wealth Management LLC grew its position in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after buying an additional 210 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of HSBC during the fourth quarter valued at approximately $30,000. Brooklyn Investment Group bought a new position in shares of HSBC during the fourth quarter valued at approximately $49,000. Finally, Sierra Ocean LLC purchased a new stake in HSBC in the fourth quarter worth $73,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HSBC has been the subject of several research reports. Royal Bank of Canada restated a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. StockNews.com upgraded shares of HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, HSBC currently has a consensus rating of "Moderate Buy".

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HSBC Stock Up 2.1 %

Shares of NYSE HSBC traded up $1.03 during midday trading on Monday, hitting $50.92. The stock had a trading volume of 393,831 shares, compared to its average volume of 1,739,155. The business's 50 day moving average is $55.57 and its 200-day moving average is $50.33. HSBC Holdings plc has a 52 week low of $39.42 and a 52 week high of $61.88. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a market cap of $181.31 billion, a P/E ratio of 8.20, a PEG ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. As a group, analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 14.14%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio (DPR) is 115.81%.

HSBC Company 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.