Flputnam Investment Management Co. Purchases 4,260 Shares of HSBC Holdings plc (NYSE:HSBC)

Flputnam Investment Management Co. grew its position in HSBC Holdings plc (NYSE:HSBC) by 1,065.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,660 shares of the financial services provider’s stock after buying an additional 4,260 shares during the period. Flputnam Investment Management Co.’s holdings in HSBC were worth $230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in HSBC by 11.7% in the 4th quarter. QRG Capital Management Inc. now owns 346,661 shares of the financial services provider’s stock worth $17,146,000 after acquiring an additional 36,219 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of HSBC in the 4th quarter worth $30,000. Checchi Capital Advisers LLC lifted its holdings in shares of HSBC by 2.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 25,041 shares of the financial services provider’s stock valued at $1,239,000 after purchasing an additional 686 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in shares of HSBC by 2.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 27,929 shares of the financial services provider’s stock valued at $1,381,000 after buying an additional 739 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in HSBC in the 4th quarter worth about $198,000. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 0.7 %

HSBC stock opened at $60.35 on Tuesday. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $61.42. The company has a market cap of $216.15 billion, a P/E ratio of 9.73, a P/E/G 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. The business has a 50-day simple moving average of $52.46 and a two-hundred day simple moving average of $47.87.

HSBC (NYSE:HSBC) last announced its 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. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion. Analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The business also recently announced 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 11.93%. HSBC’s dividend payout ratio is currently 115.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com cut shares of HSBC from a “hold” rating to a “sell” rating in a report on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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.