Natixis Advisors LLC Boosts Position in HSBC Holdings plc (NYSE:HSBC)

Natixis Advisors LLC raised its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 395,350 shares of the financial services provider’s stock after buying an additional 5,013 shares during the quarter. Natixis Advisors LLC’s holdings in HSBC were worth $19,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HSBC. Berbice Capital Management LLC purchased a new stake in HSBC in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC boosted its stake in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 210 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in HSBC in the fourth quarter worth approximately $30,000. Larson Financial Group LLC boosted its stake in HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after buying an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in HSBC in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Price Performance

Shares of HSBC stock opened at $58.69 on Wednesday. The stock has a market cap of $209.36 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.05 and a beta of 0.51. The business’s fifty day moving average is $54.34 and its 200 day moving average is $48.97. HSBC Holdings plc has a twelve month low of $38.34 and a twelve month high of $61.88. 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 (NYSE:HSBC) last released its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $13.79 billion. Research analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.27%. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

Analyst Upgrades and Downgrades

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

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.