Fmr LLC Increases Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

FMR LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,883,238 shares of the financial services provider's stock after buying an additional 441,033 shares during the period. FMR LLC owned approximately 0.08% of HSBC worth $142,605,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its position in HSBC by 7.3% during the third quarter. Coldstream Capital Management Inc. now owns 9,141 shares of the financial services provider's stock valued at $413,000 after purchasing an additional 619 shares during the period. Sanctuary Advisors LLC raised its holdings in HSBC by 2.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,036 shares of the financial services provider's stock valued at $737,000 after buying an additional 439 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in HSBC in the third quarter worth $122,000. JPMorgan Chase & Co. boosted its stake in HSBC by 103.6% during the third quarter. JPMorgan Chase & Co. now owns 56,860 shares of the financial services provider's stock worth $2,570,000 after buying an additional 28,939 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of HSBC by 116.2% in the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 805 shares during the period. Hedge funds and other institutional investors own 1.48% of the company's stock.

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HSBC Stock Up 2.2 %

Shares of HSBC stock traded up $1.14 on Tuesday, hitting $52.18. The stock had a trading volume of 2,588,176 shares, compared to its average volume of 1,748,967. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a one year low of $39.42 and a one year high of $61.88. The business has a 50 day moving average price of $55.53 and a 200 day moving average price of $50.39. The company has a market cap of $185.80 billion, a PE ratio of 8.42, a P/E/G ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. Research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 13.80%. HSBC's dividend payout ratio is presently 115.81%.

Analysts Set New Price Targets

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

HSBC 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.