Natixis Advisors LLC lifted its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,350 shares of the financial services provider's stock after purchasing an additional 5,013 shares during the quarter. Natixis Advisors LLC's holdings in HSBC were worth $19,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. OneDigital Investment Advisors LLC purchased a new stake in HSBC in the third quarter worth approximately $263,000. Drive Wealth Management LLC lifted its holdings in shares of HSBC by 6.4% during the 3rd quarter. Drive Wealth Management LLC now owns 6,771 shares of the financial services provider's stock valued at $306,000 after buying an additional 407 shares during the period. Caprock Group LLC boosted its stake in shares of HSBC by 12.8% in the 3rd quarter. Caprock Group LLC now owns 39,566 shares of the financial services provider's stock worth $1,788,000 after buying an additional 4,490 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of HSBC by 110.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,901 shares of the financial services provider's stock worth $719,000 after acquiring an additional 8,340 shares during the period. Finally, Advisors Asset Management Inc. increased its position in HSBC by 19.5% during the third quarter. Advisors Asset Management Inc. now owns 37,094 shares of the financial services provider's stock valued at $1,676,000 after acquiring an additional 6,056 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
HSBC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded 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 research report on Tuesday, March 11th. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Finally, UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
View Our Latest Stock Report on HSBC
HSBC Trading Up 0.5 %
Shares of HSBC stock traded up $0.26 during trading on Friday, hitting $57.87. The stock had a trading volume of 2,156,567 shares, compared to its average volume of 1,651,683. HSBC Holdings plc has a 12 month low of $38.94 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. The firm's fifty day simple moving average is $54.86 and its 200-day simple moving average is $49.19. The stock has a market cap of $206.08 billion, a PE ratio of 9.33, a PEG ratio of 1.05 and a beta of 0.51.
HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. As a group, sell-side 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 issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.44%. HSBC's dividend payout ratio 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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