HSBC Holdings plc (NYSE:HSBC) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 7.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,206 shares of the financial services provider’s stock after buying an additional 2,391 shares during the quarter. Quadrant Capital Group LLC’s holdings in HSBC were worth $1,741,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in shares of HSBC in the 4th quarter valued at approximately $25,000. Venturi Wealth Management LLC raised 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 valued at $28,000 after buying an additional 210 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in HSBC during the 4th quarter worth about $30,000. Brooklyn Investment Group acquired a new position in shares of HSBC during the 4th quarter worth about $49,000. Finally, Sierra Ocean LLC purchased a new position in shares of HSBC in the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Trading Down 6.8 %

Shares of HSBC stock opened at $49.87 on Friday. 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 company has a market capitalization of $177.57 billion, a P/E ratio of 8.04, a PEG ratio of 1.05 and a beta of 0.40. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The company’s fifty day moving average is $56.09 and its two-hundred day moving average is $50.16.

HSBC (NYSE:HSBC) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (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 analyst estimates of $13.79 billion. Analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

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 issued a $1.80 dividend. The ex-dividend date is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 14.44%. HSBC’s dividend payout ratio is currently 115.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HSBC shares. Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of HSBC in a research report on Monday, February 3rd. Barclays upgraded shares of HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. UBS Group reiterated a “neutral” rating on shares of HSBC in a research report on Thursday, March 6th. Finally, StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Four investment 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.com, the stock currently has an average rating of “Moderate Buy”.

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.