O Shaughnessy Asset Management LLC Grows Stock Position in HSBC Holdings plc (NYSE:HSBC)

O Shaughnessy Asset Management LLC lifted its stake in HSBC Holdings plc (NYSE:HSBC) by 26.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 401,960 shares of the financial services provider’s stock after buying an additional 85,104 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in HSBC were worth $19,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HSBC. Arrowstreet Capital Limited Partnership purchased a new stake in HSBC during the fourth quarter worth $3,998,000. Ramirez Asset Management Inc. boosted its stake in shares of HSBC by 3.4% during the 4th quarter. Ramirez Asset Management Inc. now owns 120,898 shares of the financial services provider’s stock worth $5,980,000 after acquiring an additional 3,967 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of HSBC by 23.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider’s stock valued at $2,074,000 after acquiring an additional 7,908 shares during the period. Tepp RIA LLC purchased a new position in shares of HSBC in the 4th quarter valued at about $392,000. Finally, AssuredPartners Investment Advisors LLC acquired a new position in HSBC in the 4th quarter worth about $522,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

NYSE:HSBC opened at $57.77 on Monday. The company has a market cap of $205.71 billion, a P/E ratio of 9.32, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a twelve month low of $39.04 and a twelve month high of $61.88. The company’s 50-day moving average price is $55.68 and its 200-day moving average price is $49.80. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.04. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $13.79 billion. On average, sell-side analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.46%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HSBC. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating 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. Royal Bank of Canada restated a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Finally, UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, HSBC presently has an average rating of “Moderate Buy”.

HSBC Company 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.