HSBC Holdings plc (NYSE:HSBC) Shares Purchased by Janney Capital Management LLC

Janney Capital Management LLC increased its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 232,499 shares of the financial services provider's stock after purchasing an additional 44,348 shares during the quarter. Janney Capital Management LLC's holdings in HSBC were worth $13,352,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in shares of HSBC by 58.2% in 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 last quarter. CoreCap Advisors LLC raised its stake in HSBC by 342.9% in the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 456 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in HSBC in the 4th quarter valued at about $30,000. Ameriflex Group Inc. purchased a new stake in shares of HSBC during the fourth quarter worth about $86,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of HSBC in the fourth quarter valued at approximately $94,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Performance

NYSE:HSBC opened at $59.18 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.51. The company has a market cap of $208.08 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.84 and a beta of 0.58. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The firm's 50 day moving average is $57.13 and its two-hundred day moving average is $54.25.

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

HSBC Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on HSBC. UBS Group restated a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Barclays upgraded shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Wall Street Zen upgraded shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, Bank of America restated a "neutral" rating and set a $63.00 target price on shares of HSBC in a research report on Tuesday, June 3rd. Five 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $63.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.