MRP Capital Investments LLC reduced its position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,540 shares of the financial services provider's stock after selling 53,113 shares during the period. HSBC comprises approximately 1.4% of MRP Capital Investments LLC's holdings, making the stock its 26th largest holding. MRP Capital Investments LLC's holdings in HSBC were worth $1,319,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Milestone Investment Advisors LLC acquired a new stake in HSBC in the third quarter worth $26,000. Benjamin F. Edwards & Company Inc. acquired a new stake in HSBC in the second quarter worth $27,000. Assetmark Inc. acquired a new stake in HSBC in the third quarter worth $30,000. Paradigm Asset Management Co. LLC acquired a new stake in HSBC in the third quarter worth $39,000. Finally, American National Bank acquired a new stake in HSBC in the third quarter worth $40,000. 1.48% of the stock is owned by institutional investors and hedge funds.
HSBC Trading Down 0.8 %
Shares of NYSE:HSBC traded down $0.32 during midday trading on Friday, reaching $40.64. The company had a trading volume of 3,373,524 shares, compared to its average volume of 2,282,813. The company has a fifty day simple moving average of $39.21 and a two-hundred day simple moving average of $39.03. The firm has a market cap of $154.38 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 0.99 and a beta of 0.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. HSBC Holdings plc has a 1-year low of $34.89 and a 1-year high of $42.47.
HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.33). The business had revenue of $13.02 billion during the quarter. HSBC had a return on equity of 12.89% and a net margin of 19.02%. Research analysts predict that HSBC Holdings plc will post 7.24 earnings per share for the current year.
HSBC Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Friday, March 8th will be paid a dividend of $1.55 per share. The ex-dividend date is Thursday, March 7th. This is an increase from HSBC's previous quarterly dividend of $0.50. This represents a $6.20 dividend on an annualized basis and a dividend yield of 15.26%. HSBC's dividend payout ratio (DPR) is 108.42%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on HSBC shares. Barclays reissued an "equal weight" rating on shares of HSBC in a research note on Wednesday, March 27th. BNP Paribas cut HSBC from a "neutral" rating to an "underperform" rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $811.00.
Check Out Our Latest Research Report on HSBC
HSBC Company Profile
(
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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