Two Sigma Advisers LP Purchases 8,200 Shares of HSBC Holdings plc (NYSE:HSBC)

Two Sigma Advisers LP lifted its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,100 shares of the financial services provider's stock after purchasing an additional 8,200 shares during the period. Two Sigma Advisers LP's holdings in HSBC were worth $2,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Seven Mile Advisory lifted its stake in shares of HSBC by 3.6% in the 4th quarter. Seven Mile Advisory now owns 5,405 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 190 shares during the last quarter. GeoWealth Management LLC lifted its position in HSBC by 6.7% during the 4th quarter. GeoWealth Management LLC now owns 3,279 shares of the financial services provider's stock worth $162,000 after acquiring an additional 205 shares during the last quarter. Venturi Wealth Management LLC lifted its position in HSBC by 58.2% during the 4th 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. Horizon Investments LLC lifted its position in HSBC by 1.4% during the 4th quarter. Horizon Investments LLC now owns 17,302 shares of the financial services provider's stock worth $856,000 after acquiring an additional 245 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in HSBC by 3.4% during the 4th quarter. Lido Advisors LLC now owns 7,531 shares of the financial services provider's stock worth $372,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.

Analysts Set New Price Targets

HSBC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. UBS Group reissued a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

HSBC Stock Performance

Shares of NYSE:HSBC traded up $0.07 on Friday, hitting $59.27. 1,205,859 shares of the company were exchanged, compared to its average volume of 1,732,078. The company's 50 day moving average price is $55.47 and its two-hundred day moving average price is $53.10. HSBC Holdings plc has a one year low of $39.42 and a one year high of $61.88. 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 firm has a market capitalization of $209.50 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 1.05 and a beta of 0.53.

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

HSBC Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Investors 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%.

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.