Ramirez Asset Management Inc. Purchases 3,967 Shares of HSBC Holdings plc (NYSE:HSBC)

Ramirez Asset Management Inc. grew its position in HSBC Holdings plc (NYSE:HSBC) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 120,898 shares of the financial services provider’s stock after purchasing an additional 3,967 shares during the quarter. HSBC comprises about 1.2% of Ramirez Asset Management Inc.’s portfolio, making the stock its 20th largest holding. Ramirez Asset Management Inc.’s holdings in HSBC were worth $5,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in HSBC by 110.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,901 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 8,340 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of HSBC by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 215,748 shares of the financial services provider’s stock worth $9,750,000 after acquiring an additional 27,495 shares in the last quarter. Cerity Partners LLC lifted its position in shares of HSBC by 65.7% in the third quarter. Cerity Partners LLC now owns 92,136 shares of the financial services provider’s stock worth $4,164,000 after purchasing an additional 36,543 shares in the last quarter. Larson Financial Group LLC boosted its holdings in 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 during the last quarter. Finally, Bank of Montreal Can grew its position in HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

Shares of NYSE HSBC opened at $58.39 on Friday. The business has a fifty day moving average price of $55.54 and a two-hundred day moving average price of $49.61. The stock has a market capitalization of $207.92 billion, a PE ratio of 9.42, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. HSBC Holdings plc has a fifty-two week low of $39.04 and a fifty-two week high of $61.88.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. As a group, equities analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.33%. HSBC’s payout ratio is 115.81%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HSBC. Royal Bank of Canada reiterated a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com upgraded shares of 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. Barclays upgraded HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft cut HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.