Versant Capital Management Inc raised its position in HSBC Holdings plc (NYSE:HSBC - Free Report) by 859.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,377 shares of the financial services provider's stock after buying an additional 12,879 shares during the quarter. Versant Capital Management Inc's holdings in HSBC were worth $826,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in HSBC by 58.2% in the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 210 shares during the last quarter. CoreCap Advisors LLC increased its position in HSBC by 342.9% during the 4th quarter. CoreCap Advisors LLC now owns 589 shares of the financial services provider's stock worth $29,000 after purchasing an additional 456 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in HSBC during the 4th quarter worth approximately $30,000. Sierra Ocean LLC purchased a new position in HSBC in the 4th quarter worth approximately $73,000. Finally, Ameriflex Group Inc. acquired a new position in HSBC in the 4th quarter worth $86,000. 1.48% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
HSBC has been the subject of several research analyst reports. Wall Street Zen upgraded HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft lowered HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Finally, UBS Group reissued a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, HSBC has an average rating of "Moderate Buy".
Get Our Latest Analysis on HSBC
HSBC Stock Performance
Shares of HSBC stock traded up $0.66 during trading hours on Monday, reaching $59.94. 882,285 shares of the company's stock were exchanged, compared to its average volume of 2,408,723. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88. The stock has a market capitalization of $211.85 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.05 and a beta of 0.53. The business has a fifty day moving average price of $55.47 and a 200-day moving average price of $53.16. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69.
HSBC (NYSE:HSBC - Get Free Report) last released its quarterly 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 business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. Analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.
HSBC Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 12th will be given a $0.495 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 3.5%. HSBC's dividend payout ratio is presently 36.33%.
About HSBC
(
Free Report)
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.
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