JPMorgan Chase & Co. Raises Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

JPMorgan Chase & Co. lifted its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 79.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,207 shares of the financial services provider's stock after purchasing an additional 45,347 shares during the quarter. JPMorgan Chase & Co.'s holdings in HSBC were worth $5,055,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wealthstar Advisors LLC purchased a new stake in shares of HSBC in the fourth quarter valued at about $664,000. Entropy Technologies LP purchased a new stake in shares of HSBC in the fourth quarter valued at about $701,000. Ritholtz Wealth Management grew its holdings in shares of HSBC by 12.3% in the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock valued at $6,979,000 after purchasing an additional 15,510 shares during the period. Perigon Wealth Management LLC purchased a new position in HSBC during the fourth quarter worth about $244,000. Finally, Park Avenue Securities LLC lifted its holdings in HSBC by 18.8% during the 4th quarter. Park Avenue Securities LLC now owns 32,689 shares of the financial services provider's stock worth $1,617,000 after buying an additional 5,182 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Stock Performance

HSBC traded down $0.63 during trading on Thursday, reaching $55.39. The company's stock had a trading volume of 480,733 shares, compared to its average volume of 1,743,983. HSBC Holdings plc has a 52-week low of $39.42 and a 52-week high of $61.88. The company's fifty day moving average price is $55.38 and its 200-day moving average price is $50.68. The company has a market capitalization of $197.22 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

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 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 company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. On average, equities analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently declared 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 is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 13.00%. HSBC's payout ratio is 115.81%.

Analyst Upgrades and Downgrades

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

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.