Franklin Resources Inc. increased its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 397,408 shares of the financial services provider's stock after acquiring an additional 11,864 shares during the quarter. Franklin Resources Inc.'s holdings in HSBC were worth $19,656,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of HSBC by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 215,748 shares of the financial services provider's stock worth $9,750,000 after purchasing an additional 27,495 shares during the period. HighTower Advisors LLC lifted its position in shares of HSBC by 18.0% during the 3rd quarter. HighTower Advisors LLC now owns 157,846 shares of the financial services provider's stock valued at $7,135,000 after buying an additional 24,080 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of HSBC by 1.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider's stock worth $641,000 after acquiring an additional 265 shares during the period. Stifel Financial Corp raised its stake in HSBC by 40.0% in the 3rd quarter. Stifel Financial Corp now owns 138,127 shares of the financial services provider's stock valued at $6,242,000 after acquiring an additional 39,465 shares during the period. Finally, XTX Topco Ltd purchased a new stake in HSBC during the third quarter valued at about $1,956,000. Hedge funds and other institutional investors own 1.48% of the company's stock.
Analyst Ratings Changes
HSBC has been the subject of several analyst reports. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Research Report on HSBC
HSBC Price Performance
Shares of HSBC traded up $1.69 during midday trading on Friday, reaching $49.91. The stock had a trading volume of 3,761,459 shares, compared to its average volume of 1,750,247. The company has a market capitalization of $177.74 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. 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 Holdings plc has a 12-month low of $39.42 and a 12-month high of $61.88. The company's 50-day moving average is $55.57 and its 200 day moving average is $50.30.
HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. On average, equities analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.
HSBC Announces Dividend
The business also recently declared 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 is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 14.43%. HSBC's dividend payout ratio (DPR) is currently 115.81%.
About HSBC
(
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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