5,600 Shares in HSBC Holdings plc (NYSE:HSBC) Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,600 shares of the financial services provider's stock, valued at approximately $277,000.

Other institutional investors also recently modified their holdings of the company. Wealthstar Advisors LLC acquired a new position in HSBC during the fourth quarter worth $664,000. Entropy Technologies LP bought a new stake in shares of HSBC during the fourth quarter worth about $701,000. Ritholtz Wealth Management raised its holdings in shares of HSBC by 12.3% in the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock worth $6,979,000 after acquiring an additional 15,510 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in HSBC by 23.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock valued at $2,074,000 after acquiring an additional 7,908 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in HSBC during the 4th quarter worth approximately $244,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

NYSE:HSBC traded up $1.69 during trading on Friday, reaching $49.91. The company's stock had a trading volume of 3,761,459 shares, compared to its average volume of 1,750,247. HSBC Holdings plc has a 12 month low of $39.42 and a 12 month high of $61.88. The firm has a market cap of $177.74 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The firm has a 50 day moving average of $55.57 and a 200-day moving average of $50.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88.

Remove Ads

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Research analysts expect that HSBC Holdings plc will post 6.66 EPS 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 paid a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 14.43%. HSBC's payout ratio is currently 115.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HSBC. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft cut HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group reissued a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Finally, StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. 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. According to MarketBeat, HSBC presently has a consensus rating of "Moderate Buy".

HSBC 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.