Russell Investments Group Ltd. lessened its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 17.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,250 shares of the financial services provider's stock after selling 5,167 shares during the period. Russell Investments Group Ltd.'s holdings in HSBC were worth $1,249,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of HSBC. Berbice Capital Management LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $25,000. Venturi Wealth Management LLC boosted its stake in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC in the fourth quarter valued at approximately $30,000. Brooklyn Investment Group acquired a new position in HSBC during the fourth quarter worth $49,000. Finally, Sierra Ocean LLC purchased a new position in shares of HSBC in the fourth quarter valued at approximately $73,000. Institutional investors own 1.48% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have commented on HSBC shares. Deutsche Bank Aktiengesellschaft cut HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. 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 restated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. UBS Group restated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".
Read Our Latest Analysis on HSBC
HSBC Stock Up 3.7 %
NYSE:HSBC traded up $2.01 during trading hours on Wednesday, hitting $56.02. The stock had a trading volume of 2,939,551 shares, compared to its average volume of 1,748,120. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $61.88. The company has a market cap of $199.49 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. 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 $55.36 and a two-hundred day simple moving average of $50.64.
HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion for 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%. Analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.
HSBC Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.85%. HSBC's dividend payout ratio (DPR) is currently 115.81%.
HSBC 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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