Rational Advisors Inc. Takes Position in HSBC Holdings plc (NYSE:HSBC)

Rational Advisors Inc. acquired a new position in HSBC Holdings plc (NYSE:HSBC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,037 shares of the financial services provider's stock, valued at approximately $1,036,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC increased its stake 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 last quarter. National Bank of Canada FI grew its stake in shares of HSBC by 739.7% during the fourth quarter. National Bank of Canada FI now owns 15,577 shares of the financial services provider's stock valued at $770,000 after buying an additional 13,722 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of HSBC during the fourth quarter valued at about $3,998,000. Charles Schwab Investment Management Inc. grew its stake in shares of HSBC by 21.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,135 shares of the financial services provider's stock valued at $12,916,000 after buying an additional 45,387 shares during the last quarter. Finally, TrueMark Investments LLC bought a new position in shares of HSBC during the first quarter valued at about $2,616,000. Hedge funds and other institutional investors own 1.48% of the company's stock.

HSBC Stock Down 1.8%

Shares of HSBC traded down $1.11 on Friday, hitting $61.67. 1,217,196 shares of the stock traded hands, compared to its average volume of 1,763,049. The company has a market capitalization of $215.32 billion, a PE ratio of 11.32, a P/E/G ratio of 1.94 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. The business has a 50 day simple moving average of $59.49 and a 200 day simple moving average of $55.76. HSBC Holdings plc has a one year low of $39.42 and a one year high of $62.87.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.35. The company had revenue of $17.74 billion during 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%. As a group, equities analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Bank of America reissued a "neutral" rating and issued a $63.00 target price on shares of HSBC in a research note on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.