Dimensional Fund Advisors LP Trims Stock Position in HSBC Holdings plc (NYSE:HSBC)

Dimensional Fund Advisors LP decreased its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,632,332 shares of the financial services provider's stock after selling 25,300 shares during the quarter. Dimensional Fund Advisors LP owned 0.30% of HSBC worth $525,875,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HSBC shares. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Finally, Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

HSBC Trading Up 1.0 %

HSBC stock opened at $52.52 on Friday. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. The stock has a market capitalization of $187.04 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. 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 firm's fifty day simple moving average is $55.44 and its two-hundred day simple moving average is $50.54.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share 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 paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 13.71%. HSBC's payout ratio 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.

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