HSBC Holdings plc (NYSE:HSBC) Shares Acquired by Horizon Investments LLC

Horizon Investments LLC raised its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 17,302 shares of the financial services provider’s stock after purchasing an additional 245 shares during the quarter. Horizon Investments LLC’s holdings in HSBC were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of HSBC. FMR LLC increased its holdings in shares of HSBC by 44.3% in the 3rd 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 period. Crossmark Global Holdings Inc. increased its stake in shares of HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider’s stock valued at $25,454,000 after purchasing an additional 14,095 shares during the period. Natixis Advisors LLC raised its holdings in shares of HSBC by 1.3% during the fourth quarter. Natixis Advisors LLC now owns 395,350 shares of the financial services provider’s stock valued at $19,554,000 after buying an additional 5,013 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of HSBC during the fourth quarter worth approximately $17,815,000. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 valued at $17,191,000 after purchasing an additional 200,054 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 0.2 %

HSBC stock opened at $58.82 on Thursday. The firm’s 50 day moving average price is $54.53 and its two-hundred day moving average price is $49.04. The firm has a market cap of $209.45 billion, a PE ratio of 9.49, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a twelve month low of $38.35 and a twelve month high of $61.88. 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 (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. On average, research analysts predict that HSBC Holdings plc will post 6.66 EPS 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 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 yield of 12.24%. HSBC’s dividend payout ratio is currently 115.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. StockNews.com upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.