Northern Trust Corp Buys 951,050 Shares of HSBC Holdings plc (NYSE:HSBC)

Northern Trust Corp raised its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 52.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,781,307 shares of the financial services provider's stock after buying an additional 951,050 shares during the quarter. Northern Trust Corp owned about 0.08% of HSBC worth $137,563,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HSBC. FMR LLC grew its stake in HSBC by 18.1% in the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock valued at $142,605,000 after purchasing an additional 441,033 shares in the last quarter. American Century Companies Inc. raised its position in HSBC by 4.5% during the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider's stock valued at $46,347,000 after purchasing an additional 40,388 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider's stock valued at $25,454,000 after acquiring an additional 14,095 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of HSBC by 26.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider's stock worth $19,881,000 after buying an additional 85,104 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in HSBC by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 397,408 shares of the financial services provider's stock worth $19,656,000 after buying an additional 11,864 shares during the period. Institutional investors own 1.48% of the company's stock.

HSBC Stock Up 0.3 %

NYSE:HSBC traded up $0.17 during trading hours on Monday, reaching $56.68. 1,121,633 shares of the company traded hands, compared to its average volume of 1,739,834. The stock has a market capitalization of $200.34 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.05 and a beta of 0.53. 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 1 year low of $39.42 and a 1 year high of $61.88. The business's 50-day moving average price is $55.32 and its two-hundred day moving average price is $51.43.

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 (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.35. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The business had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $16.60 billion. Analysts predict that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 12th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 3.5%. HSBC's payout ratio is 36.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HSBC. Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. 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 analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company 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.