NewEdge Advisors LLC Boosts Stake in HSBC Holdings plc (NYSE:HSBC)

NewEdge Advisors LLC grew its holdings in HSBC Holdings plc (NYSE:HSBC - Free Report) by 66.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,601 shares of the financial services provider's stock after buying an additional 8,249 shares during the period. NewEdge Advisors LLC's holdings in HSBC were worth $1,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in shares of HSBC by 18.1% during the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock worth $142,605,000 after acquiring an additional 441,033 shares during the period. Raymond James Financial Inc. acquired a new position in HSBC during the fourth quarter worth about $17,815,000. Bank of New York Mellon Corp grew its position in HSBC by 135.6% during the fourth quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock worth $17,191,000 after buying an additional 200,054 shares during the period. Janney Capital Management LLC acquired a new position in HSBC during the fourth quarter worth about $9,306,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new position in HSBC during the fourth quarter worth about $6,405,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Trading Down 2.5 %

HSBC stock traded down $1.46 during trading on Wednesday, hitting $56.01. The company's stock had a trading volume of 3,080,654 shares, compared to its average volume of 1,746,874. The stock has a market capitalization of $199.45 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 1.05 and a beta of 0.40. The stock's fifty day moving average is $55.39 and its 200 day moving average is $51.09. HSBC Holdings plc has a 1-year low of $39.42 and a 1-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.

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

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 7th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 12.85%. The ex-dividend date was Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 115.81%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, UBS Group reaffirmed a "neutral" rating on shares of HSBC in a report on Thursday, March 6th. Four 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 company. Based on data from MarketBeat, HSBC has an average rating of "Moderate Buy".

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.