SBI Securities Co. Ltd. Acquires New Position in HSBC Holdings plc (NYSE:HSBC)

SBI Securities Co. Ltd. bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the fourth quarter, Holdings Channel reports. The fund bought 19,065 shares of the financial services provider’s stock, valued at approximately $943,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of HSBC by 91.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,715 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 2,251 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in HSBC in the fourth quarter valued at about $193,000. Smartleaf Asset Management LLC boosted its stake in HSBC by 79.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 16,871 shares of the financial services provider’s stock worth $835,000 after buying an additional 7,495 shares during the period. US Bancorp DE increased its position in shares of HSBC by 15.0% during the fourth quarter. US Bancorp DE now owns 109,349 shares of the financial services provider’s stock valued at $5,408,000 after acquiring an additional 14,286 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of HSBC in the 4th quarter valued at approximately $441,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Price Performance

HSBC stock opened at $60.35 on Tuesday. The company’s 50 day moving average is $52.46 and its two-hundred day moving average is $47.87. The firm has a market cap of $216.15 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $61.42.

HSBC (NYSE:HSBC) last released its earnings results 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 analyst estimates of $13.79 billion. On average, research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 11.93%. HSBC’s payout ratio is 115.81%.

Analysts Set New Price Targets

Several analysts recently weighed in on HSBC shares. StockNews.com downgraded shares of HSBC from a “hold” rating to a “sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HSBC presently has a consensus rating of “Hold”.

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.