HSBC Holdings plc (NYSE:HSBC) Shares Bought by Forum Financial Management LP

Forum Financial Management LP boosted its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 61.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,317 shares of the financial services provider's stock after buying an additional 16,516 shares during the quarter. Forum Financial Management LP's holdings in HSBC were worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC raised its position in HSBC by 6.7% in the 4th quarter. GeoWealth Management LLC now owns 3,279 shares of the financial services provider's stock worth $162,000 after purchasing an additional 205 shares during the period. Contrarian Capital Management L.L.C. bought a new stake in shares of HSBC during the 4th quarter worth approximately $11,914,000. NewEdge Advisors LLC lifted its position in shares of HSBC by 66.8% during the fourth quarter. NewEdge Advisors LLC now owns 20,601 shares of the financial services provider's stock worth $1,019,000 after purchasing an additional 8,249 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of HSBC by 7.7% during the fourth quarter. Evergreen Capital Management LLC now owns 19,036 shares of the financial services provider's stock valued at $942,000 after purchasing an additional 1,369 shares during the period. Finally, Guggenheim Capital LLC increased its position in shares of HSBC by 42.0% during the fourth quarter. Guggenheim Capital LLC now owns 7,951 shares of the financial services provider's stock worth $393,000 after acquiring an additional 2,351 shares during the period. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Stock Down 0.7 %

HSBC traded down $0.38 during trading on Monday, hitting $52.12. The stock had a trading volume of 1,190,850 shares, compared to its average volume of 1,744,513. 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 company has a market capitalization of $185.60 billion, a PE ratio of 8.41, a PEG ratio of 1.05 and a beta of 0.40. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. The stock has a 50 day simple moving average of $55.38 and a two-hundred day simple moving average of $50.62.

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 (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. On average, research analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 13.81%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's payout ratio is 115.81%.

Analysts Set New Price Targets

HSBC has been the topic of a number of recent research reports. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. 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 shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Finally, UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock 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.