5,724 Shares in HSBC Holdings plc (NYSE:HSBC) Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,724 shares of the financial services provider's stock, valued at approximately $283,000.

Other hedge funds also recently made changes to their positions in the company. Wealthstar Advisors LLC acquired a new stake in HSBC in the fourth quarter valued at about $664,000. Entropy Technologies LP purchased a new stake in shares of HSBC in the fourth quarter valued at approximately $701,000. Ritholtz Wealth Management grew its holdings in HSBC by 12.3% during the fourth quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock worth $6,979,000 after acquiring an additional 15,510 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in HSBC by 23.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 41,933 shares of the financial services provider's stock valued at $2,074,000 after acquiring an additional 7,908 shares during the period. Finally, Perigon Wealth Management LLC purchased a new stake in shares of HSBC during the 4th quarter worth $244,000. Institutional investors and hedge funds own 1.48% of the company's stock.

Analyst Ratings Changes

HSBC has been the subject of several recent analyst reports. StockNews.com upgraded shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays upgraded HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Finally, UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Four 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. According to data from MarketBeat, HSBC currently has an average rating of "Moderate Buy".

HSBC Price Performance

HSBC stock traded up $0.05 on Friday, reaching $56.74. The company had a trading volume of 1,121,032 shares, compared to its average volume of 1,736,416. 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's fifty day moving average is $55.08 and its 200 day moving average is $51.72. The company has a market cap of $200.55 billion, a P/E ratio of 9.15, a PEG ratio of 1.05 and a beta of 0.53. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.35. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The firm had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $16.60 billion. On average, research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 3.5%. HSBC's payout ratio is currently 36.33%.

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.