Fox Run Management L.L.C. bought a new position in HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,204 shares of the financial services provider's stock, valued at approximately $356,000.
Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in shares of HSBC by 44.3% in the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider's stock worth $110,363,000 after acquiring an additional 749,759 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of HSBC in the fourth quarter valued at approximately $17,815,000. Bank of New York Mellon Corp lifted its position in shares of HSBC by 135.6% during the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock valued at $17,191,000 after buying an additional 200,054 shares in the last quarter. Janney Capital Management LLC acquired a new stake in HSBC in the 4th quarter valued at $9,306,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in HSBC during the fourth quarter worth $6,405,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Four investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Report on HSBC
HSBC Trading Down 1.0 %
NYSE HSBC traded down $0.57 on Friday, reaching $57.77. 1,295,472 shares of the company were exchanged, compared to its average volume of 1,664,733. HSBC Holdings plc has a fifty-two week low of $39.04 and a fifty-two week high of $61.88. The stock has a market capitalization of $205.71 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. The business's fifty day moving average price is $55.68 and its 200 day moving average price is $49.80. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.
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. The firm had revenue of $11.56 billion during the quarter, compared to analysts' expectations of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.
HSBC Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.46%. HSBC's dividend payout ratio (DPR) is currently 115.81%.
HSBC Company Profile
(
Free Report)
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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