HSBC Holdings plc (NYSE:HSBC) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 739.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,577 shares of the financial services provider's stock after purchasing an additional 13,722 shares during the quarter. National Bank of Canada FI's holdings in HSBC were worth $770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in HSBC during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC grew its position in 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 purchased a new stake in HSBC in the fourth quarter worth $30,000. Brooklyn Investment Group purchased a new stake in shares of HSBC during the fourth quarter valued at $49,000. Finally, Sierra Ocean LLC purchased a new position in HSBC in the 4th quarter worth about $73,000. 1.48% of the stock is currently owned by institutional investors.

HSBC Price Performance

HSBC stock traded up $1.27 during trading on Tuesday, hitting $52.31. The stock had a trading volume of 1,287,663 shares, compared to its average volume of 1,747,171. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. The stock has a market capitalization of $186.26 billion, a P/E ratio of 8.43, a PEG ratio of 1.05 and a beta of 0.40. The company's 50-day moving average price is $55.55 and its two-hundred day moving average price is $50.37. 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 posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.56 billion during the quarter, compared to analysts' expectations of $13.79 billion. As a group, research analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 13.76%. The ex-dividend date is Friday, March 7th. HSBC's dividend payout ratio is currently 115.81%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HSBC. UBS Group reissued a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, HSBC presently has an average 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.