Generali Investments CEE investicni spolecnost a.s. Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 129,493 shares of the financial services provider's stock, valued at approximately $6,405,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in HSBC during the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its position in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 210 shares during the period. Whipplewood Advisors LLC purchased a new position in HSBC in the 4th quarter worth $30,000. Larson Financial Group LLC lifted its position in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider's stock worth $35,000 after acquiring an additional 450 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in HSBC during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Price Performance

Shares of HSBC stock traded down $2.32 during trading hours on Monday, hitting $55.73. 3,250,999 shares of the company's stock were exchanged, compared to its average volume of 1,633,172. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $61.88. The firm has a market cap of $198.78 billion, a P/E ratio of 8.96, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $53.30 and a two-hundred day moving average of $48.35.

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HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results 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 business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Sell-side analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 12.92%. 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. Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday. Barclays upgraded 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 research report on Monday, February 3rd. Finally, StockNews.com cut shares of HSBC from a "hold" rating to a "sell" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, HSBC currently has a consensus rating of "Hold".

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.