DRW Securities LLC Invests $662,000 in HSBC Holdings plc (NYSE:HSBC)

DRW Securities LLC purchased a new stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,391 shares of the financial services provider's stock, valued at approximately $662,000.

Other hedge funds have also recently modified their holdings of the company. Wealthstar Advisors LLC purchased a new stake in shares of HSBC during the 4th quarter valued at approximately $664,000. Entropy Technologies LP purchased a new stake in HSBC in the fourth quarter valued at $701,000. Ritholtz Wealth Management grew its holdings in shares of HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock worth $6,979,000 after purchasing an additional 15,510 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of HSBC by 23.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock worth $2,074,000 after purchasing an additional 7,908 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new stake in HSBC in the 4th quarter valued at about $244,000. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Stock Up 2.7 %

HSBC stock traded up $1.36 during mid-day trading on Tuesday, reaching $52.40. The company had a trading volume of 1,692,874 shares, compared to its average volume of 1,748,393. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The company has a market capitalization of $186.60 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The firm has a fifty day simple moving average of $55.55 and a 200 day simple moving average of $50.37.

Remove Ads

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $13.79 billion. Analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 13.74%. The ex-dividend date is Friday, March 7th. HSBC's dividend payout ratio is currently 115.81%.

Analyst Ratings Changes

A number of brokerages have weighed in on HSBC. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. UBS Group reissued a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.