SBI Securities Co. Ltd. Makes New Investment in HSBC Holdings plc (NYSE:HSBC)

SBI Securities Co. Ltd. bought a new stake in HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 19,065 shares of the financial services provider’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HSBC. Berbice Capital Management LLC purchased a new stake in shares of HSBC during the 4th quarter worth about $25,000. Venturi Wealth Management LLC boosted its position in 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 acquired a new stake in HSBC in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC increased its position in shares of HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after buying an additional 450 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of HSBC during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

HSBC has been the subject of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com cut shares of HSBC from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

HSBC Stock Up 0.7 %

NYSE HSBC opened at $60.35 on Tuesday. HSBC Holdings plc has a one year low of $36.93 and a one year high of $61.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The business has a fifty day moving average price of $52.46 and a 200 day moving average price of $47.87. 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.

HSBC (NYSE:HSBC) last posted its quarterly 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 net margin of 16.17% and a return on equity of 12.20%. The firm had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. Research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given 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 dividend yield of 11.93%. HSBC’s dividend payout ratio (DPR) is presently 115.81%.

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.