HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Syon Capital LLC

Syon Capital LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,644 shares of the financial services provider’s stock after purchasing an additional 3,941 shares during the quarter. Syon Capital LLC’s holdings in HSBC were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HSBC. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in HSBC by 167.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider’s stock valued at $33,259,000 after purchasing an additional 527,677 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of HSBC by 39.4% in the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider’s stock worth $27,553,000 after purchasing an additional 197,283 shares during the last quarter. CWM LLC increased its position in HSBC by 3,518.2% in the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider’s stock valued at $7,209,000 after acquiring an additional 172,920 shares during the period. QRG Capital Management Inc. acquired a new stake in HSBC in the 3rd quarter valued at approximately $6,706,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of HSBC during the 3rd quarter valued at $4,384,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HSBC shares. BNP Paribas cut HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Barclays restated an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $811.00.

HSBC Trading Up 0.2 %

HSBC stock traded up $0.09 during midday trading on Friday, hitting $41.90. The stock had a trading volume of 1,396,249 shares, compared to its average volume of 2,231,797. The firm has a market cap of $158.45 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.63. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $42.47. The business has a fifty day moving average price of $39.48 and a two-hundred day moving average price of $39.12.

HSBC (NYSE:HSBC) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The company had revenue of $13.02 billion for the quarter. On average, sell-side analysts predict that HSBC Holdings plc will post 7.24 earnings per share for the current fiscal year.

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Friday, March 8th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $6.20 annualized dividend and a dividend yield of 14.80%. This is a positive change from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is currently 108.42%.

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.