Charles Schwab Investment Management Inc. Purchases 45,387 Shares of HSBC Holdings plc (NYSE:HSBC)

Charles Schwab Investment Management Inc. lifted its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 261,135 shares of the financial services provider's stock after acquiring an additional 45,387 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in HSBC were worth $12,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Berbice Capital Management LLC purchased a new position in HSBC in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC lifted its holdings in HSBC by 58.2% during the 4th 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 last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC during the fourth quarter worth approximately $30,000. Larson Financial Group LLC boosted its stake 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 acquiring an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in HSBC during the 4th quarter worth approximately $49,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 0.7 %

HSBC traded up $0.38 during trading on Tuesday, hitting $58.36. The company had a trading volume of 1,803,537 shares, compared to its average volume of 1,653,412. The business has a 50-day moving average of $55.04 and a 200-day moving average of $49.37. HSBC Holdings plc has a 1-year low of $38.94 and a 1-year high of $61.88. The company has a market cap of $207.82 billion, a PE ratio of 9.41, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

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HSBC (NYSE:HSBC - Get Free Report) last released its earnings results 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. The firm had revenue of $11.56 billion for the quarter, compared to analysts' expectations of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.34%. HSBC's dividend payout ratio (DPR) is 115.81%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, UBS Group reissued a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. 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 stock. According to data from MarketBeat.com, the company 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.