Grantham Mayo Van Otterloo & Co. LLC Decreases Stake in HSBC Holdings plc (NYSE:HSBC)

Grantham Mayo Van Otterloo & Co. LLC lessened its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 297,408 shares of the financial services provider's stock after selling 38,485 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in HSBC were worth $14,710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HSBC. Berbice Capital Management LLC purchased a new stake in HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC lifted its stake in HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of HSBC during the fourth quarter worth about $30,000. Brooklyn Investment Group purchased a new stake in shares of HSBC in the 4th quarter valued at about $49,000. Finally, Sierra Ocean LLC acquired a new stake in shares of HSBC in the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 1.48% of the company's stock.

HSBC Stock Performance

Shares of NYSE HSBC traded up $1.29 during mid-day trading on Friday, hitting $49.51. 2,302,758 shares of the company were exchanged, compared to its average volume of 1,746,004. 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 market cap of $176.30 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The stock has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $50.27. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $61.88.

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HSBC (NYSE:HSBC - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share 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 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, sell-side analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 14.54%. The ex-dividend date is Friday, March 7th. HSBC's dividend payout ratio (DPR) is 115.81%.

Wall Street Analyst Weigh In

HSBC has been the topic of several research analyst reports. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. StockNews.com upgraded shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. 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 stock. According to MarketBeat.com, the stock currently has an average 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.