Signaturefd LLC Grows Position in HSBC Holdings plc (NYSE:HSBC)

Signaturefd LLC raised its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,363 shares of the financial services provider's stock after buying an additional 5,003 shares during the period. Signaturefd LLC's holdings in HSBC were worth $2,788,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in 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 last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of HSBC by 2.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider's stock worth $25,454,000 after purchasing an additional 14,095 shares during the last quarter. Natixis Advisors LLC grew its position in shares of HSBC by 1.3% in the fourth quarter. Natixis Advisors LLC now owns 395,350 shares of the financial services provider's stock valued at $19,554,000 after purchasing an additional 5,013 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of HSBC in the fourth quarter valued at approximately $17,815,000. Finally, Bank of New York Mellon Corp lifted its position in HSBC by 135.6% during the fourth quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock worth $17,191,000 after buying an additional 200,054 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

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HSBC Trading Up 0.5 %

Shares of HSBC stock traded up $0.26 on Friday, reaching $57.87. The company had a trading volume of 2,156,537 shares, compared to its average volume of 1,655,070. The firm's 50 day moving average price is $54.69 and its two-hundred day moving average price is $49.10. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. HSBC Holdings plc has a 52-week low of $38.94 and a 52-week high of $61.88. The firm 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 issued its quarterly 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. 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%. Sell-side analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given 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 12.44%. HSBC's dividend payout ratio (DPR) is 115.81%.

Analyst Ratings Changes

A number of brokerages have 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. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC 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. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Finally, UBS Group reiterated a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

About HSBC

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.