HighTower Advisors LLC Has $8.11 Million Position in HSBC Holdings plc (NYSE:HSBC)

HighTower Advisors LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,979 shares of the financial services provider's stock after acquiring an additional 6,133 shares during the period. HighTower Advisors LLC's holdings in HSBC were worth $8,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HSBC. Bank of Montreal Can raised its position in shares of HSBC by 124.3% during the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider's stock valued at $7,820,000 after buying an additional 94,991 shares during the last quarter. Wealthstar Advisors LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $664,000. Entropy Technologies LP acquired a new position in shares of HSBC during the fourth quarter valued at about $701,000. Ritholtz Wealth Management raised its position in shares of HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock valued at $6,979,000 after buying an additional 15,510 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $244,000. Institutional investors and hedge funds own 1.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HSBC. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. UBS Group reiterated a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Four 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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HSBC Price Performance

HSBC traded up $0.26 during trading on Friday, hitting $57.87. The company's stock had a trading volume of 2,156,437 shares, compared to its average volume of 2,664,602. The firm's 50 day moving average price is $54.69 and its two-hundred day moving average price is $49.10. 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 stock has a market capitalization of $206.08 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 12 month low of $38.94 and a 12 month high of $61.88.

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

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.44%. HSBC's payout ratio is 115.81%.

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.