Quantbot Technologies LP decreased its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 54.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,995 shares of the financial services provider's stock after selling 29,232 shares during the period. Quantbot Technologies LP's holdings in HSBC were worth $1,187,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in HSBC in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC increased its stake in shares of HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 210 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of HSBC in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC boosted its stake in HSBC by 138.5% during the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider's stock worth $35,000 after acquiring an additional 450 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in HSBC during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 1.48% of the company's stock.
HSBC Stock Down 1.0 %
HSBC stock traded down $0.57 during trading hours on Friday, reaching $57.77. 1,295,472 shares of the stock were exchanged, compared to its average volume of 1,664,733. The company has a market cap of $205.71 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 1.05 and a beta of 0.51. The firm's 50-day moving average is $55.68 and its 200-day moving average is $49.75. HSBC Holdings plc has a 12 month low of $39.04 and a 12 month high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.
HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results 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 analyst estimates of $13.79 billion. On average, equities research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current year.
HSBC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 12.46%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio (DPR) is currently 115.81%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on HSBC shares. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. UBS Group restated a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Finally, Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Four research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on HSBC
About HSBC
(
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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