SIH Partners LLLP Buys New Shares in HSBC Holdings plc (NYSE:HSBC)

SIH Partners LLLP purchased a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 32,725 shares of the financial services provider's stock, valued at approximately $1,619,000.

Other large investors have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new stake in shares of HSBC during the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its position in shares of HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock worth $28,000 after buying an additional 210 shares during the period. Whipplewood Advisors LLC acquired a new stake in HSBC during the fourth quarter worth approximately $30,000. Brooklyn Investment Group bought a new stake in shares of HSBC in the 4th quarter valued at $49,000. Finally, Sierra Ocean LLC bought a new position in HSBC in the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 1.48% of the company's stock.

HSBC Stock Down 0.5 %

NYSE HSBC traded down $0.30 during trading hours on Thursday, reaching $55.71. 1,493,770 shares of the company's stock traded hands, compared to its average volume of 1,748,547. HSBC Holdings plc has a 52-week low of $39.42 and a 52-week high of $61.88. The firm has a 50-day simple moving average of $55.39 and a 200 day simple moving average of $50.75. The firm has a market cap of $198.38 billion, a PE ratio of 8.99, a PEG ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96.

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 net margin of 16.17% and a return on equity of 12.20%. Sell-side analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 12.92%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 115.81%.

Wall Street Analysts Forecast Growth

HSBC has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, UBS Group reaffirmed a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Four equities research 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. According to data from MarketBeat, the stock presently has a consensus 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.