MGO One Seven LLC Takes Position in HSBC Holdings plc (NYSE:HSBC)

MGO One Seven LLC bought a new stake in HSBC Holdings plc (NYSE:HSBC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,207 shares of the financial services provider's stock, valued at approximately $1,148,000.

A number of other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its stake in HSBC by 18.1% during the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock worth $142,605,000 after purchasing an additional 441,033 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in HSBC in the fourth quarter valued at approximately $17,815,000. Contrarian Capital Management L.L.C. purchased a new position in HSBC in the fourth quarter worth approximately $11,914,000. Bank of New York Mellon Corp increased its position in shares of HSBC by 135.6% in the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock valued at $17,191,000 after purchasing an additional 200,054 shares during the last quarter. Finally, Janney Capital Management LLC acquired a new stake in shares of HSBC in the 4th quarter valued at $9,306,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Stock Performance

Shares of HSBC stock traded down $1.68 during trading on Wednesday, reaching $55.79. The company's stock had a trading volume of 2,681,255 shares, compared to its average volume of 1,752,164. The firm has a market cap of $198.67 billion, a PE ratio of 9.00, a P/E/G ratio of 1.05 and a beta of 0.40. The company has a 50-day moving average price of $55.39 and a two-hundred day moving average price of $51.05. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC Holdings plc has a fifty-two week low of $39.42 and a fifty-two week high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share 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 business had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.60 billion. On average, analysts forecast that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, March 7th. This represents a $7.20 dividend on an annualized basis and a yield of 12.91%. HSBC's payout ratio is currently 115.81%.

Analyst Ratings Changes

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

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.