Rockefeller Capital Management L.P. lifted its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,621 shares of the financial services provider's stock after purchasing an additional 8,044 shares during the period. Rockefeller Capital Management L.P.'s holdings in HSBC were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthstar Advisors LLC acquired a new position in shares of HSBC in the fourth quarter worth approximately $664,000. Entropy Technologies LP bought a new position in HSBC during the 4th quarter worth approximately $701,000. Ritholtz Wealth Management lifted its position in shares of HSBC by 12.3% in the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock worth $6,979,000 after purchasing an additional 15,510 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of HSBC by 23.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock worth $2,074,000 after buying an additional 7,908 shares during the period. Finally, Perigon Wealth Management LLC bought a new position in HSBC during the fourth quarter worth $244,000. Institutional investors and hedge funds own 1.48% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the company. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. UBS Group reiterated a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft cut HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada restated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, HSBC presently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on HSBC
HSBC Stock Performance
NYSE:HSBC traded up $2.01 during trading hours on Wednesday, reaching $56.02. The stock had a trading volume of 2,939,551 shares, compared to its average volume of 1,748,778. HSBC Holdings plc has a 12-month low of $39.42 and a 12-month high of $61.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The stock has a 50 day simple moving average of $55.38 and a 200 day simple moving average of $50.68. The stock has a market cap of $199.49 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40.
HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion for the quarter, compared to analysts' expectations of $13.79 billion. On average, research analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.
HSBC Announces Dividend
The firm 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. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.85%. The ex-dividend date is Friday, March 7th. HSBC's payout ratio is 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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