Wells Fargo & Company MN grew its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 289,887 shares of the financial services provider's stock after acquiring an additional 14,640 shares during the quarter. Wells Fargo & Company MN's holdings in HSBC were worth $14,338,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of HSBC. Wealthstar Advisors LLC acquired a new position in shares of HSBC during the fourth quarter valued at about $664,000. Entropy Technologies LP bought a new position in HSBC during the fourth quarter valued at about $701,000. Ritholtz Wealth Management raised its holdings in HSBC by 12.3% in the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock valued at $6,979,000 after acquiring an additional 15,510 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of HSBC by 23.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock worth $2,074,000 after acquiring an additional 7,908 shares during the period. Finally, Perigon Wealth Management LLC bought a new stake in shares of HSBC during the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 1.48% of the company's stock.
HSBC Price Performance
Shares of HSBC stock traded up $0.54 during trading on Friday, reaching $52.52. The company's stock had a trading volume of 1,700,273 shares, compared to its average volume of 1,746,736. 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 stock has a market capitalization of $187.04 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. The stock has a 50-day moving average price of $55.44 and a two-hundred day moving average price of $50.54. HSBC Holdings plc has a one year low of $39.42 and a one year high of $61.88.
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, beating the consensus estimate of $1.41 by $0.04. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates 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 anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.
HSBC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 13.71%. The ex-dividend date is Friday, March 7th. HSBC's dividend payout ratio (DPR) is 115.81%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on HSBC shares. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Four 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Research Report on HSBC
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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