HSBC Holdings plc (NYSE:HSBC) Shares Bought by GQG Partners LLC

GQG Partners LLC boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 129.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,913 shares of the financial services provider's stock after buying an additional 97,574 shares during the period. GQG Partners LLC's holdings in HSBC were worth $8,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on HSBC shares. Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Finally, Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

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HSBC Stock Performance

Shares of NYSE:HSBC traded down $0.57 during trading on Friday, hitting $57.77. 1,295,472 shares of the stock traded hands, compared to its average volume of 1,664,733. 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 company has a fifty day moving average price of $55.68 and a two-hundred day moving average price of $49.75. HSBC Holdings plc has a 52-week low of $39.04 and a 52-week high of $61.88. The company has a market cap of $205.71 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. As a group, equities analysts predict that HSBC Holdings plc will post 6.66 EPS for the current 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 paid a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.46%. HSBC's dividend payout ratio is currently 115.81%.

About HSBC

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.