Signaturefd LLC Boosts Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

Signaturefd LLC boosted its position in shares of HSBC Holdings plc (NYSE:HSBC) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,363 shares of the financial services provider’s stock after buying an additional 5,003 shares during the quarter. Signaturefd LLC’s holdings in HSBC were worth $2,788,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Berbice Capital Management LLC purchased a new position in shares of HSBC during the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC lifted its holdings in HSBC by 58.2% during the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of HSBC in the fourth quarter valued at about $30,000. Larson Financial Group LLC increased its stake in shares of HSBC by 138.5% during the third 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 acquired a new position in shares of HSBC during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Ratings Changes

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

HSBC Stock Up 1.3 %

HSBC stock opened at $57.83 on Tuesday. HSBC Holdings plc has a one year low of $38.34 and a one year high of $61.88. 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 firm has a market cap of $206.27 billion, a PE ratio of 9.33, a PEG ratio of 1.05 and a beta of 0.51. The firm’s 50 day moving average price is $54.14 and its 200-day moving average price is $48.87.

HSBC (NYSE:HSBC) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS 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 analyst estimates of $13.79 billion. On average, equities research analysts anticipate that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 12.45%. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s payout ratio is 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.