Flputnam Investment Management Co. Raises Stake in HSBC Holdings plc (NYSE:HSBC)

Flputnam Investment Management Co. increased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 1,065.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,660 shares of the financial services provider’s stock after acquiring an additional 4,260 shares during the period. Flputnam Investment Management Co.’s holdings in HSBC were worth $230,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HSBC. Berbice Capital Management LLC bought a new stake in HSBC during the fourth quarter valued at about $25,000. Venturi Wealth Management LLC grew 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 purchasing an additional 210 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in HSBC during the 4th quarter valued at approximately $30,000. Larson Financial Group LLC lifted its holdings in HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in HSBC in the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of HSBC from a “hold” rating to a “sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft cut shares of 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 research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HSBC presently has an average rating of “Hold”.

HSBC Stock Up 0.7 %

Shares of HSBC opened at $60.35 on Tuesday. The business’s 50 day simple moving average is $52.46 and its 200-day simple moving average is $47.87. HSBC Holdings plc has a 1 year low of $36.93 and a 1 year high of $61.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The stock has a market capitalization of $216.15 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

HSBC (NYSE:HSBC) last released 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. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The business had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. As a group, equities analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 annualized dividend and a yield of 11.93%. HSBC’s payout ratio is currently 115.81%.

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.