HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 135.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,565 shares of the financial services provider's stock after acquiring an additional 200,054 shares during the period. Bank of New York Mellon Corp's holdings in HSBC were worth $17,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in HSBC in the fourth quarter valued at $25,000. Venturi Wealth Management LLC boosted its holdings in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 210 shares during the last quarter. Larson Financial Group LLC boosted its holdings in HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 450 shares during the last quarter. Brooklyn Investment Group purchased a new stake in HSBC in the fourth quarter valued at $49,000. Finally, Sierra Ocean LLC purchased a new stake in HSBC in the fourth quarter valued at $73,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HSBC shares. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group reissued a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Finally, StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

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HSBC Trading Down 0.6 %

Shares of HSBC stock opened at $55.42 on Wednesday. The firm has a market capitalization of $197.70 billion, a PE ratio of 8.94, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a twelve month low of $37.38 and a twelve month high of $61.88. The firm's 50-day moving average price is $53.55 and its 200 day moving average price is $48.52. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion during 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 predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.99%. HSBC's payout ratio is 115.81%.

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.

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