Mariner LLC raised its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,985 shares of the financial services provider's stock after purchasing an additional 20,326 shares during the quarter. Mariner LLC's holdings in HSBC were worth $9,248,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of HSBC. Berbice Capital Management LLC acquired a new stake in HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC grew its stake in HSBC by 58.2% during 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 in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of HSBC in the fourth quarter worth approximately $30,000. Brooklyn Investment Group purchased a new stake in HSBC in the 4th quarter worth approximately $49,000. Finally, Sierra Ocean LLC bought a new stake in shares of HSBC in the 4th quarter valued at approximately $73,000. Institutional investors own 1.48% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on HSBC. Royal Bank of Canada restated a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".
View Our Latest Research Report on HSBC
HSBC Trading Down 0.6 %
Shares of NYSE HSBC traded down $0.36 during midday trading on Thursday, hitting $55.65. The stock had a trading volume of 735,010 shares, compared to its average volume of 1,744,965. 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 Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The firm has a market cap of $198.17 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The company's 50-day simple moving average is $55.38 and its 200 day simple moving average is $50.68.
HSBC (NYSE:HSBC - Get Free Report) last released its 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. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The firm had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. Research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current 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 issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 12.94%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 115.81%.
HSBC Company Profile
(
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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