HSBC Holdings plc (NYSE:HSBC) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,586 shares of the financial services provider's stock after purchasing an additional 10,909 shares during the quarter. MML Investors Services LLC's holdings in HSBC were worth $2,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HSBC. Berbice Capital Management LLC purchased a new stake in shares of HSBC during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC grew its position in HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 210 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of HSBC during the fourth quarter valued at approximately $30,000. Brooklyn Investment Group acquired a new position in shares of HSBC during the fourth quarter worth $49,000. Finally, Sierra Ocean LLC purchased a new position in shares of HSBC in the fourth quarter valued at $73,000. Institutional investors and hedge funds own 1.48% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. UBS Group restated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Barclays upgraded shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, HSBC presently has an average rating of "Moderate Buy".

HSBC Stock Performance

Shares of NYSE HSBC traded down $0.87 during trading on Thursday, reaching $55.21. The stock had a trading volume of 1,299,908 shares, compared to its average volume of 1,745,607. The firm's 50 day moving average price is $55.39 and its two-hundred day moving average price is $51.09. HSBC Holdings plc has a one year low of $39.42 and a one year high of $61.88. The stock has a market cap of $196.59 billion, a PE ratio of 8.91, a P/E/G ratio of 1.05 and a beta of 0.40. 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 posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. On average, research analysts forecast that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 7th were issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 13.04%. The ex-dividend date of this dividend was Friday, March 7th. HSBC's dividend payout ratio (DPR) is presently 115.81%.

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.