Simon Quick Advisors LLC Acquires New Stake in HSBC Holdings plc (NYSE:HSBC)

Simon Quick Advisors LLC bought a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,381 shares of the financial services provider's stock, valued at approximately $309,000.

A number of other hedge funds have also added to or reduced their stakes in HSBC. FMR LLC lifted its position in shares of HSBC by 18.1% in the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock valued at $142,605,000 after buying an additional 441,033 shares during the last quarter. Northern Trust Corp boosted its position in HSBC by 52.0% during the fourth quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock worth $137,563,000 after purchasing an additional 951,050 shares during the period. American Century Companies Inc. raised its position in shares of HSBC by 4.5% in the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider's stock valued at $46,347,000 after purchasing an additional 40,388 shares during the period. GAMMA Investing LLC lifted its stake in shares of HSBC by 7,061.5% during the 1st quarter. GAMMA Investing LLC now owns 559,311 shares of the financial services provider's stock worth $321,210,000 after buying an additional 551,501 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in HSBC by 26.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider's stock valued at $19,881,000 after buying an additional 85,104 shares during the last quarter. Institutional investors own 1.48% of the company's stock.

HSBC Price Performance

Shares of NYSE HSBC traded up $0.87 during trading hours on Monday, hitting $60.05. 559,116 shares of the stock were exchanged, compared to its average volume of 1,729,870. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. HSBC Holdings plc has a 1-year low of $39.42 and a 1-year high of $61.88. The company has a market cap of $211.11 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58. The company's fifty day simple moving average is $56.49 and its two-hundred day simple moving average is $54.09.

HSBC (NYSE:HSBC - Get Free Report) last posted its earnings results 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. The firm had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. On average, sell-side analysts predict that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.