Bridgewater Advisors Inc. Invests $443,000 in HSBC Holdings plc (NYSE:HSBC)

Bridgewater Advisors Inc. bought a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,703 shares of the financial services provider's stock, valued at approximately $443,000.

Several other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of HSBC by 21.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,135 shares of the financial services provider's stock valued at $12,916,000 after purchasing an additional 45,387 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of HSBC in the fourth quarter valued at $259,000. Farther Finance Advisors LLC boosted its holdings in HSBC by 43.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,420 shares of the financial services provider's stock worth $268,000 after buying an additional 1,638 shares during the period. Avantax Advisory Services Inc. grew its position in shares of HSBC by 12.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,973 shares of the financial services provider's stock valued at $691,000 after purchasing an additional 1,511 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in HSBC by 194.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,766 shares of the financial services provider's stock valued at $2,313,000 after purchasing an additional 30,865 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Price Performance

Shares of HSBC stock traded up $0.72 on Thursday, hitting $63.26. The company's stock had a trading volume of 1,246,979 shares, compared to its average volume of 1,763,423. The firm has a fifty day moving average price of $59.84 and a 200-day moving average price of $55.99. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $63.28. The company has a market capitalization of $220.85 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.93.

HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.35. The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. HSBC had a return on equity of 12.55% and a net margin of 14.55%. As a group, sell-side analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 12th were issued a $0.495 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 9th. HSBC's dividend payout ratio (DPR) is 36.33%.

Wall Street Analyst Weigh In

Separately, Bank of America reiterated a "neutral" rating and issued a $63.00 price objective on shares of HSBC in a report on Tuesday, June 3rd. Five 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.com, the stock has an average rating of "Hold" and a consensus price target of $63.00.

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.