May Hill Capital LLC bought a new stake in HSBC Holdings plc (NYSE:HSBC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,146 shares of the financial services provider's stock, valued at approximately $551,000.
Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in HSBC by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 215,748 shares of the financial services provider's stock valued at $9,750,000 after buying an additional 27,495 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider's stock valued at $7,820,000 after acquiring an additional 94,991 shares in the last quarter. FMR LLC increased its stake in shares of HSBC by 44.3% during the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider's stock worth $110,363,000 after acquiring an additional 749,759 shares during the period. BNP Paribas Financial Markets raised its holdings in HSBC by 383.4% during the third quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider's stock worth $4,233,000 after purchasing an additional 74,295 shares in the last quarter. Finally, Townsquare Capital LLC boosted its holdings in HSBC by 103.9% in the 3rd quarter. Townsquare Capital LLC now owns 17,820 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 9,079 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.
HSBC Price Performance
Shares of HSBC stock traded down $3.63 during mid-day trading on Friday, reaching $49.87. The stock had a trading volume of 5,385,200 shares, compared to its average volume of 1,687,005. HSBC Holdings plc has a 12-month low of $39.42 and a 12-month high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a 50-day simple moving average of $56.09 and a 200 day simple moving average of $50.16. The company has a market cap of $177.57 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40.
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, topping analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion during 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%. On average, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.
HSBC Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 14.44%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 115.81%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on HSBC. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. UBS Group reaffirmed 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 report on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".
Get Our Latest Stock Analysis on HSBC
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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