DRW Securities LLC Takes $662,000 Position in HSBC Holdings plc (NYSE:HSBC)

DRW Securities LLC bought a new position in shares of HSBC Holdings plc (NYSE:HSBC) in the 4th quarter, HoldingsChannel.com reports. The firm bought 13,391 shares of the financial services provider’s stock, valued at approximately $662,000.

Several other institutional investors have also recently added to or reduced their stakes in HSBC. Seven Mile Advisory increased its position in HSBC by 3.6% during the fourth quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider’s stock worth $267,000 after buying an additional 190 shares during the period. Venturi Wealth Management LLC grew 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 worth $28,000 after acquiring an additional 210 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in HSBC by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider’s stock worth $990,000 after acquiring an additional 235 shares during the period. Horizon Investments LLC grew its holdings in HSBC by 1.4% during the fourth quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 245 shares during the period. Finally, Sonoma Private Wealth LLC boosted its position in HSBC by 3.9% during the fourth quarter. Sonoma Private Wealth LLC now owns 6,635 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HSBC shares. StockNews.com upgraded HSBC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Thursday, March 6th. Barclays raised HSBC from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 4th. 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 lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HSBC has an average rating of “Moderate Buy”.

HSBC Stock Performance

HSBC stock opened at $49.35 on Thursday. The stock’s 50-day moving average is $55.67 and its 200-day moving average is $50.25. The company has a market cap of $175.73 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.40. 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 12 month low of $39.42 and a 12 month high of $61.88.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Equities analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 14.59%. HSBC’s payout ratio is currently 115.81%.

HSBC 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.