HSBC Holdings plc (NYSE:HSBC - Get Free Report) saw some unusual options trading on Wednesday. Traders bought 61,945 call options on the stock. This represents an increase of approximately 1,879% compared to the typical volume of 3,130 call options.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Barclays restated an "equal weight" rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas downgraded HSBC from a "neutral" rating to an "underperform" rating in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $761.75.
View Our Latest Analysis on HSBC
Institutional Trading of HSBC
A number of hedge funds and other institutional investors have recently made changes to their positions in HSBC. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of HSBC by 167.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 842,864 shares of the financial services provider's stock worth $33,259,000 after purchasing an additional 527,677 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in HSBC by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,621,349 shares of the financial services provider's stock valued at $471,129,000 after buying an additional 376,641 shares in the last quarter. American Century Companies Inc. lifted its holdings in HSBC by 39.4% during the 3rd quarter. American Century Companies Inc. now owns 698,250 shares of the financial services provider's stock worth $27,553,000 after buying an additional 197,283 shares during the last quarter. CWM LLC increased its holdings in shares of HSBC by 3,518.2% in the 4th quarter. CWM LLC now owns 177,835 shares of the financial services provider's stock valued at $7,209,000 after acquiring an additional 172,920 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of HSBC during the 3rd quarter valued at approximately $6,706,000. Institutional investors own 1.48% of the company's stock.
HSBC Trading Up 0.9 %
Shares of HSBC stock traded up $0.42 during mid-day trading on Wednesday, reaching $45.40. The company's stock had a trading volume of 1,614,644 shares, compared to its average volume of 2,206,588. HSBC has a 12-month low of $35.30 and a 12-month high of $45.46. The firm has a market capitalization of $171.69 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.00 and a beta of 0.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.51. The company's 50 day simple moving average is $40.26 and its 200-day simple moving average is $39.34.
HSBC (NYSE:HSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.33). The firm had revenue of $13.02 billion for the quarter. HSBC had a net margin of 16.13% and a return on equity of 10.80%. On average, research analysts predict that HSBC will post 6.77 EPS for the current fiscal year.
HSBC Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, May 9th. HSBC's dividend payout ratio (DPR) is currently 106.55%.
About HSBC
(
Get 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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